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Turkish Presidential Palace: Turkish President Recep Tayyip Erdoğan held a telephone conversation with Iranian President Sergei Pezechzian. The two leaders discussed the ceasefire and the regional security situation. During the conversation, President Erdoğan noted that Turkey had cooperated closely with relevant countries in facilitating the ceasefire. Erdoğan emphasized that the upcoming negotiations, which will begin in the coming days, must be fully utilized to achieve lasting peace and stability. It is crucial not to give those attempting to undermine the process any opportunity, and our country is prepared to provide various forms of support, together with friendly nations, in this new phase.On April 10, Iranian Supreme Leader Mojtaba Khamenei stated on the 9th that Iran has never sought war and does not seek it now, but "we will never give up our legitimate rights." In this regard, Iran views the regional "resistance front" as a unified whole.On April 10, Iranian Supreme Leader Mojtaba Khamenei announced on April 9 that the Iranian nation had achieved a "decisive victory" in the current war imposed on Iran.Irans Supreme Leader Mojtaba Khamenei: We regard all resistance fronts as one.On April 10th, Iranian state television read a statement from Supreme Leader Mojtaba Khamenei on the evening of April 9th, emphasizing that Iran does not seek war, but will not relinquish its rights. This latest statement from Mojtaba was released on the 40th anniversary of the assassination of his father, the late Supreme Leader Ali Khamenei. The statement reviewed Khameneis life and stressed that Irans victory in the war was due to the unity of the government, the army, and the people. The statement indicated that Iran will pursue war reparations and advance its administration of the Strait of Hormuz to "a new phase," while considering the "resistance front" as a unified whole. The statement also called on Irans southern Gulf neighbors (the Gulf Arab states) to stand on the "right side," stating that Iran will extend goodwill to these countries, but only if they distance themselves from "arrogant hegemons."

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis

Skylar Shaw

May 16, 2022 10:41

Late in the session on Friday, June E-mini NASDAQ-100 Index futures were trading higher, putting the tech-weighted index in a position to end on a positive note, but still below for the week. The market action was chaotic throughout the time, with wild gyrations fueling volatility amid signals of peaking inflation and fears that the Federal Reserve might tighten policy too quickly.


The market was driven higher by rebounding megacap tech and tech-related growth firms. During the epidemic, when interest rates were touching historical lows and Fed monetary policy was supportive, these stocks lifted the main indexes to record highs, but they have been smashed for many months.


In other financial news, Twitter Inc shares fell 9.8% after Elon Musk tweeted that he has put the $44 billion cash acquisition proposal on hold while waiting for evidence on false accounts from the social media business. Tesla Inc, on the other hand, increased by 4.9 percent.

Swing Chart Every Day Technical Evaluation

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a transaction through 11689.00. The primary trend will turn to up if 13555.25 is crossed.


The small downward trend continues. The minor trend will be changed to up with a transaction through 12553.25. This will change the market's momentum upward.


The long-term retracement zone from 11671.25 to 10468.25 is the primary support on the downside.

A pivot at 12622.25 is the first objective and probable resistance on the upside.

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