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Market news: Japans foreign exchange intervention over the past month reached a record 15.4 trillion yen.The draft revision of the Road Traffic Safety Law and other laws are open for public comment.On August 28th, in an interview broadcast on Lebanons Al-Ahram TV on the evening of August 27th, Rezaei, Secretary of Irans Supreme National Security Council, pointed out that Iran has endured severe sanctions from the United States for a long time and is now under a naval blockade by the US military. Even so, Iran has not yielded, so what other tricks does the US have up its sleeve? Rezaei stated that the previous actions of the US and Israel were, to some extent, more like psychological warfare bluffing. Iran has not yet taken any action specifically targeting US economic interests in the Middle East. If Iran were to launch an economic war, people would see "who suffers greater economic losses." Iran will certainly not sit idly by in the face of hostile economic measures taken by the United States.On August 28th, the Ministry of Housing and Urban-Rural Development and other departments jointly issued the "Notice on Improving the Sales System of Commercial Housing," clarifying the need to accelerate the implementation of existing housing sales and continuously optimize the traditional pre-sale model for commercial housing. Overall, the "Notice" makes new requirements for both pre-sale and existing housing sales. In fact, prior to the new regulations, Hainan, Jingmen in Hubei, and other places had already conducted pilot programs for existing housing sales. This newly released "Notice" signifies another step forward for existing housing sales, officially and steadily promoting it nationwide. Overall, promoting existing housing sales is timely. The core of this policy is very clear: to strictly control the risks of property delivery, prevent the misappropriation of funds, and address pain points in the housing market such as unfinished buildings, delayed delivery, substandard housing quality, and difficulties for homebuyers in protecting their rights, comprehensively safeguarding the legitimate rights and interests of ordinary homebuyers. This new policy adheres to the principle of prudence, avoiding a "one-size-fits-all" approach, and adopts a dual-track approach of pre-sale and existing housing sales with a steady transition, gradually optimizing the industrys development model while stabilizing the housing market. In the long run, the steady transition from pre-sale to completed housing will completely restructure the housing transaction security system, eliminate high-risk development models in the industry, make the real estate market more standardized and healthy, and make ordinary people feel more at ease and confident when buying a house.August 28 - The Iranian Foreign Ministry stated that Iran calls on all countries to avoid implementing US sanctions. Iran is determined to use all its capabilities to defend the country from a "joint military and economic offensive by the US and Israel."

S&P 500 Prices Forecast – Stock Markets Pull Back on Thursday

Alice Wang

Nov 18, 2022 17:27


Technical Analysis of the S&P 500

The S&P 500 E-mini contract experienced a significant decline during Thursday's trading session, approaching the 3900 mark. Considering that the 200-Day EMA has also provided some resistance, it's important to note that our pullback occurred exactly where you would anticipate it to. On the other side, it opens the door to a move to the 4150 level if we turn around and remove the top of the shooting star from Tuesday.


The market is likely to go in the direction of the 50-Day EMA and possibly even the 3800 level if we remove the 3900 level below. In the end, this market will suffer as long as the VIX remains in a very choppy range, resulting in, to put it mildly, loud behavior. The size of the candlestick does indicate that there might be some follow-through, so if we do drop below the 3900 mark, I'll be looking to start selling again.


However, given the choppy nature of volatility, it's possible that there will be some noise. This is especially true given that the markets are oscillating between the possibility of the Federal Reserve loosening or tightening monetary policy, since everyone seems to have a different take on the matter. A recession is another issue we need to be concerned about because it is just a matter of time until it enters the scene as well. How we proceed after 3900 will be crucial.

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