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July 18th - The 2026 World Artificial Intelligence Conference opened yesterday (July 17th) in Shanghai. At the sub-forum on "Artificial Intelligence and Energy: Two-Way Empowerment," an official from the National Energy Administration revealed that my country will accelerate the construction of a new energy system to provide a green foundation for the development of artificial intelligence. It is understood that during the "15th Five-Year Plan" period, inference load will exceed the previous training load, becoming the main consumption of computing power. The characteristics of latency sensitivity, large load fluctuations, and concentrated demand require that computing power collaboration shift from "spatial collaboration" to "multi-dimensional collaboration" between computing power load and the new power system. This necessitates the integrated layout of core elements such as intelligent computing power, large models, and corpus resources. Wang Hongzhi, Secretary of the Party Group and Director of the National Energy Administration, stated that nearly four out of every ten kilowatt-hours of electricity consumed in the whole society is green electricity. Sufficient and high-quality green electricity supply will promote green computing power from concept to practice, from the laboratory to application scenarios, ensuring that every kilowatt-hour of electricity is used to its fullest potential and that every token is associated with green development.1. The EU imposes sanctions on one Russian individual and five entities. 2. Ukrainian President Zelenskyy: Discussed the appointment of an acting defense minister with the new prime minister. 3. The commander of the Ukrainian drone force stated that Ukrainian drones have struck 12 Russian ships in the Black Sea. 4. The Ukrainian Port Authority: Russia attacked Ukrainian ports 23 times in the first two weeks of July. 5. Naftogaz: A Russian drone attack caused a gas production facility in Kharkiv Oblast to shut down. 6. The Russian Ministry of Defense: Russian forces struck 24 Ukrainian military vessels in the past week. 7. Ukrainian President Zelenskyy: Ukraine destroyed a Russian Tu-95 military aircraft at Engels Air Base.According to Iranian media reports, an explosion was heard in the Khorramabad region.US military: The US military has ended its seventh consecutive night of strikes against Iran.According to the Iranian news agency IRNA, Arab media reported that Iranian missiles successfully penetrated Jordans air defense system, claiming that the Patriot missile defense system failed to intercept them effectively.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

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In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.

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