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Court websites show that Iran executed a man convicted of passing intelligence on missile bases to Israel during the war.September 19 - According to the Russian Ministry of Defense, Russian air defense systems destroyed 344 Ukrainian drones over Russia overnight. During the night, on-duty air defense systems intercepted and destroyed 344 Ukrainian fixed-wing drones over Leningrad Oblast, Novgorod Oblast, Bryansk Oblast, Kursk Oblast, Belgorod Oblast, Oryol Oblast, Kaluga Oblast, Tula Oblast, Ryazan Oblast, Lipetsk Oblast, Vladimir Oblast, Rostov Oblast, Krasnodar Krai, Moscow region, Yamal-Nenets Autonomous Okrug, Dagestan Republic, and the Black Sea region.On September 19th, Bolivian President Rodrigo Paz announced the termination of state subsidies for diesel fuel and a shift to a unified pricing model to help address the long-standing fuel shortage. Paz stated that Bolivia relies on imports for approximately 90% of its diesel, with the government spending about $55 million weekly on subsidies. From today, the price of diesel will equal the cost of purchasing it abroad. Rampant fuel smuggling and black market resale are key factors contributing to the weekly losses. This move replaces the dual-pricing system introduced in August, which charged high-volume consumers 18 Bolivianos ($2.60) per liter while maintaining a subsidized price of 9.80 Bolivianos for other consumers. Paz stated that domestic prices will now follow global benchmarks, and if international costs decrease, domestic prices will also decrease. To offset the financial pressure on households and key economic sectors, the government announced targeted relief measures, including direct cash transfers and concessional credit lines.On September 19th, the Shandong Provincial Department of Industry and Information Technology publicly solicited opinions on the "Implementation Plan for the Development of the High-end Chemical Industry in Shandong Province during the 15th Five-Year Plan Period (Draft for Solicitation of Opinions)." The plan proposes that by 2030, the added value of the provinces chemical industry will grow at an average annual rate of over 5%, and the economic benefits of high-end chemicals will account for approximately 65% of the provinces total chemical industry output. The energy supply system and raw material security structure in the basic chemical sector will be further optimized, and the competitiveness of products in the fields of new chemical materials and fine chemicals will be significantly enhanced. The plan proposes three major actions: strengthening the foundation of the basic chemical industry, cultivating and expanding the new chemical materials industry, and improving the innovation and quality of the fine chemicals industry. It also clarifies the development directions for 16 sub-sectors, including petrochemicals, coal chemicals, and salt chemicals.On September 19th, it was reported that since the sale of train tickets for the Mid-Autumn Festival and National Day holidays began on September 23rd, in order to create a fair and just ticket purchasing environment, the 12306 railway ticketing system has continuously identified and curbed malicious ticket-grabbing behavior. Utilizing big data analysis and risk control technology, it has accurately identified abnormal behaviors such as frequently purchasing large numbers of tickets for accounts not registered to themselves, frequently making large numbers of payments for orders not made to themselves, and using forged terminal devices to imitate user ticket purchasing operations. Related technical restrictions continue to be implemented, placing 12306 registered accounts with abnormal behavior in a slow queue and refusing to issue tickets to payment accounts with abnormal behavior. These abnormal 12306 registered accounts will show a waiting status when purchasing tickets, and payment accounts will show a failed purchase status. Since the sale of train tickets for the Mid-Autumn Festival and National Day holidays began this year, 12306 has cumulatively placed 7.117 million transactions in the slow queue and refused to issue tickets for 1.023 million transactions, totaling 1.331 million rejected tickets, effectively curbing malicious ticket-grabbing behavior.

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.