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January 16th - According to relevant departments of the State Taxation Administration, tax authorities have been continuously strengthening publicity and guidance on tax payment for overseas income of resident individuals. Since last year, they have reminded taxpayers to conduct self-checks on income obtained from overseas from 2022 to 2024. According to the Tax Collection and Administration Law and other laws and regulations, if a taxpayer fails to file a tax return or makes calculation errors, resulting in underpayment or non-payment of taxes, the tax authorities may recover the tax and late payment penalties within three years; if tax evasion is constituted, it will be dealt with according to law. Paying personal income tax on income obtained by resident individuals from both domestic and overseas sources is an internationally accepted practice, which helps prevent cross-border tax evasion and safeguards national tax revenue. The tax authorities remind taxpayers that paying taxes according to law is the obligation of every citizen. If taxpayers find that they have previously failed to declare their overseas income as required, they should promptly correct the declaration in accordance with the law.On January 16, the China Securities Regulatory Commission (CSRC) publicly solicited opinions on the "Trial Measures for the Supervision and Administration of Derivatives Transactions (Draft for Comment)". Listed companies or companies whose stocks are traded on other national securities exchanges approved by the State Council are prohibited from engaging in derivatives transactions with their issued stocks as the underlying asset, unless otherwise stipulated by laws, administrative regulations, or the CSRC. Derivatives business institutions are prohibited from conducting derivatives transactions with shareholders holding more than 5% of the shares of listed companies or companies whose stocks are traded on other national securities exchanges approved by the State Council, their actual controllers, directors, supervisors, senior management personnel, and shareholders whose shares are subject to restrictions on sale or reduction, with the companys stock as the underlying asset.On January 16, the China Securities Regulatory Commission (CSRC) released a draft of the "Measures for the Supervision and Administration of Derivatives Trading (Trial)" for public comment. The CSRC adheres to the principle of prudent regulation, improves the monitoring and control system for the derivatives market, and can implement counter-cyclical adjustment management of derivatives trading.On January 16th, Roborock Technology announced that it is currently working on its application to issue overseas listed shares and list on the Main Board of the Hong Kong Stock Exchange. The Listing Committee of the Hong Kong Stock Exchange will hold a listing hearing on January 15, 2026, to review the companys application for this offering. The joint sponsors of the companys offering received a letter from the Hong Kong Stock Exchange on January 16, 2026, stating that the Listing Committee has reviewed the companys listing application, but this letter does not constitute formal listing approval, and the Hong Kong Stock Exchange still reserves the right to provide further comments on the companys listing application.On January 16, the China Securities Regulatory Commission (CSRC) publicly solicited opinions on the "Trial Measures for the Supervision and Administration of Derivatives Trading (Draft for Comment)". The draft aims to support the steady development of the derivatives market and enable it to play its functions of managing risk, allocating resources, and serving the real economy. It encourages the use of the derivatives market for risk management activities such as hedging, supports the development of derivatives that meet the risk management needs of medium- and long-term funds, and legally restricts excessive speculative behavior. All parties involved in derivatives trading and related activities must adhere to the principles of fairness, voluntariness, compensation, and good faith, and must not engage in illegal or irregular activities such as market manipulation, insider trading, trading on undisclosed information, illegal share reduction, or transfer of benefits through derivatives trading.

Trade Through 13583.75 Changes Minor Trend to Up in E-mini NASDAQ-100

Cameron Murphy

Apr 29, 2022 10:10

Investors followed the wave produced by excellent Meta Platforms results, sending June E-mini NASDAQ-100 Index futures up just after the mid-session on Thursday. The rally expanded to damaged technology and growth sectors, easing concerns about a U.S. economic slowdown in the first quarter.


June E-mini NASDAQ-100 Index futures are trading at 13399.75, up 390.75 or +3.00 percent, as of 18:04 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $327.55, up $10.79 or 3.41%.

News on the stock market

The parent company of Facebook surged 14.3% after reporting a better-than-expected earnings and seeing user growth on the social-networking site.


Apple Inc, the world's most valuable corporation, and Amazon.com Inc, the world's largest e-commerce firm, both surged more than 2% ahead of their results later in the day.

Economic News from the United States

After growing at a 6.9% annualized pace in the fourth quarter, gross domestic product declined at a 1.4 percent annualized rate in the first quarter, according to a report from the US Commerce Department. The economy was expected to expand at a pace of 1.1 percent, according to economists surveyed by Reuters.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the downturn will be signaled by a transaction through 12801.50. The major trend will turn to up if the price breaks over 14298.00.


The minor trend is similarly in the negative direction. The minor trend will be changed to up if a transaction is made through 13583.75. This will cause the momentum to move upward.


13583.75 to 12801.50 is the minor range. It is now trading around 13192.50, which represents support, on the strong side of its pivot.


15268.75 to 12801.50 is the short-term range. If the minor trend reverses, the retracement zone between 14035.25 and 14326.25 will be the next upward target.

Technical Forecast for the Daily Swing Chart

Trader response to 13192.50 will influence the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Possibilities for Growth

The presence of buyers will be shown by a persistent advance over 13192.75. The minor peak at 13583.75 is the next goal. If this level is broken, the minor trend will shift to the upside, providing the impetus required to attack the short-term 50% level at 14035.25.

Scenario that is bearish

The presence of selling will be signaled by a prolonged move below 13192.75. This might lead to a retest of the low of the week, which was 12801.50. If this price fails, expect the selling to continue into the primary bottom at 12179.50 on March 5, 2021.