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June 22nd - US President Trump: A corrupt and failed New York Times headline: "After nearly four months of war, what has changed? Analysts say nothing much." Really? The (Iranian) military is finished, their navy is gone, their air force is gone, their launch platforms, missiles, drones and their manufacturing are almost gone, their two top leaders are gone, their inflation rate is 250%, their economy has collapsed, soldiers are not paid, the Strait of Hormuz is open, oil is flowing, and the US stock market and employment rate are at record highs. Thats the change, you corrupt and immoral cowards, and theres much more!According to Fox News: A U.S. diplomat stated that the Iranian delegation remains in Switzerland and negotiations are ongoing. Serious progress is being made throughout the day. Intensive discussions are underway regarding all elements of the nuclear agreement. Some discussions focus on clarifying confusing information about the Strait of Hormuz to ensure it remains open.According to sources familiar with the matter, alternative asset management giant Investcorp is acquiring a majority stake in a UK facilities management company, highlighting the continued push for overseas deals by Gulf investors despite the ongoing conflict in the Middle East. The Bahrain-based company is acquiring a stake in Smart Managed Solutions at a valuation exceeding $200 million.Israeli Prime Minister Benjamin Netanyahu: Some Americans say Trump listens to me completely, and some Israelis say I listen to Trump completely—neither of these statements is true. We are leaders of an independent nation. I represent Israels interests.According to Israels i24News, Israeli Prime Minister Netanyahu stated, "We have stopped Iran from carrying out a plan aimed at completely annihilating us."

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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