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September 14th news: On September 14th local time, China and the United States held talks on economic and trade issues in Madrid, Spain.On September 14, according to Deutsche Presse-Agentur, Andre Tillich, head of Teslas German factory, said that more electric vehicles will be produced than previously planned because "sales data is very ideal." Tillich said that the factory has raised its production plan for the third and fourth quarters, and added that Teslas German factory still expects "positive signals from all markets we supply." However, he did not disclose specific production targets. However, this optimistic statement contrasts with recent sales data. Teslas new car registrations in Germany fell by 39% last month, and the cumulative drop in the first eight months of this year was 56%. In France, Belgium, Denmark and Sweden, Teslas sales in August also fell sharply. Norway is an exception, with registrations increasing by 21% last month and a cumulative increase of 26% so far this year.German Geoscience Research Center GFZ: A 5.71 magnitude earthquake occurred in northeastern India.On September 14th, the Russian Ministry of Defense announced that during the joint military exercises "West-2025," the frigate "Admiral Golovko" launched a Zircon hypersonic missile in the Barents Sea, successfully hitting its target. The Russian side also demonstrated footage of a Su-34 fighter jet taking off and dropping bombs. The exercises, which ran from the 12th to the 16th, were conducted at training grounds in Russia and Belarus, as well as in the waters of the Baltic and Barents Seas.On September 14th, US Secretary of State Rubio began a two-day visit to Israel to discuss the next steps in Gaza and how to address the aftermath of the Israeli militarys attack on Doha, the capital of Qatar, on September 9th, a mediator in the Gaza ceasefire negotiations. Before leaving, he told reporters that the attack had upset US President Trump but would not shake US-Israel relations.

E-mini S&P 500 Index (ES) Futures Technical Analysis – Intraday Momentum Could Shift on Sustained Move Over 3930.25

Cory Russell

May 13, 2022 11:09

After reaching a one-and-a-half-year low during the pre-market session, June E-mini S&P 500 Index futures are trading down soon after the cash market opens on Thursday, as worries build that rapidly increasing inflation will force interest rates higher and put the global economy to a halt.


These issues, along with a German warning that Russia was now using energy supplies as a "weapon," dragged Europe's leading stock indexes down, leaving MSCI's global market index about 20% down for the year.

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June E-mini S&P 500 Index futures are at 3890.00 at 13:34 GMT, down 40.25 or -1.02 percent. The S&P 500 Trust ETF (SPY) is now trading at $388.15, down $4.60 or 1.17 percent from its previous close.


Daily Swing Chart for the E-mini S&P 500 Index in June Technical Evaluation

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through the intraday low of 3883.25. The major trend will turn to up if 4303.00 is broken.


4303.00 to 3882.50 is the minor range. The closest resistance is around 4092.75 to 4142.50, which is a retracement zone.

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