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The representatives called on national agriculture ministers to focus on the drought issue at the upcoming informal meeting of EU agriculture ministers.September 5th - According to the latest online sales data provided by the Hainan Provincial Government, from January to August, the total sales area of commercial housing (including affordable housing) in the province was 5.1675 million square meters, a year-on-year decrease of 22%; the sales amount was 88.048 billion yuan, a year-on-year decrease of 21%. In August alone, the total sales area of commercial housing in the province was 357,200 square meters, a year-on-year decrease of 28%; the sales amount was 4.991 billion yuan, a year-on-year decrease of 43%.Conflict Situation: 1. Trump: The US has essentially taken over Iran and may soon attack Jagdah; the conflict with Iran is "not a big deal for the US," and there is no current state of war. 2. 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The US sanctioned a small Turkish investment bank due to Turkeys relationship with Iran.On September 5th, local time, Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the opening ceremony of the 8th China-Russia Energy Business Forum in Vladivostok, Russia, on September 4th, 2026. He read President Xi Jinpings congratulatory letter and delivered a speech. Ding Xuexiang stated that energy cooperation is an important cornerstone of pragmatic cooperation between China and Russia. Since the beginning of this year, energy trade between the two countries has continued to grow steadily, major projects have been steadily advanced according to plan, cooperation areas have been actively expanded, and a series of new pragmatic cooperation results have been achieved. 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S&P 500 Continues to Threaten a Breakout

Alice Wang

Jul 20, 2022 14:50

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As we continue to pose a serious danger of a large breakthrough, the S&P 500 has surged pretty considerably throughout Tuesday's trading session.

Technical Analysis of the S&P 500

Due to the continued loud behavior, the S&P 500 has shown its bullishness throughout Tuesday's trading session. Given that the 3900 region runs all the way to 3950, this market will likely continue to be highly loud. Additionally, the 50 Day EMA is also nearing this region, and earnings season is already underway. Or, to put it another way, it's a jumble of issues waiting to happen.


Short-sellers will almost certainly seize on signs of tiredness because, to be honest, the economics does not indicate that this market should rise. Additionally, there are significant issues with liquidity, so you must pay great attention to it as well. Even if the economy does have some impact on the stock market, it really really comes down to liquidity, thus the Federal Reserve's restrictive monetary policy will also have some negative effects.


Wall Street has been pretending for a while now that the US economy has improved, so when it genuinely struggles, it should not come as a major surprise that they are trying to drive the market higher. Keep in mind that Wall Street and the economy are unrelated in any way. Having said that, we have a chance to advance all the way to the 4200 level if we do break over the 4000 level. I believe the trend has shifted above that point.


Alternately, if we go below the 3700 level, it's likely that we will reach the 3640 level, which previously served as a support zone.