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On July 27, the General Office of the Ministry of Housing and Urban-Rural Development issued a notice on further strengthening the safety management of urban bridges. The notice emphasizes strengthening bridge safety management during the flood season. Currently, the entire country has entered the flood season. Urban bridge management departments should strengthen coordination with meteorological, water resources, and natural resources departments to effectively carry out risk warnings and prevention and response work for extreme weather, water-related, and geological disasters. The focus should be on bridge foundation erosion, slope stability, and unobstructed drainage facilities, conducting a comprehensive investigation of flood control safety risks and hidden dangers. Active coordination with river management departments is required to promptly clear accumulated debris and large floating objects that may affect bridge safety from river channels, ensuring unobstructed flood passage.The Swiss National Bank declined to comment on media reports that it expects to keep interest rates at zero until the end of 2027.July 27 - US airline stocks rose, with Alaska Airlines and United Airlines up about 4%, Delta Air Lines up 3.5%, JetBlue Airways up 6.5%, and Southwest Airlines up 2.4%; the S&P 1500 Passenger Airline Index rose 3.5%.The Dow Jones Industrial Average opened 587.76 points higher, or 1.13%, at 52,535.01 on Monday, July 27; the S&P 500 opened 59.15 points higher, or 0.80%, at 7,471.11; and the Nasdaq Composite opened 255.55 points higher, or 1.02%, at 25,231.37.July 27th - US stocks opened higher, with the Dow Jones Industrial Average up 0.9%, the S&P 500 up 0.7%, and the Nasdaq Composite up 1%. Storage-related stocks rose, with SK Hynix (SKHY.O) up over 2% and SanDisk (SNDK.O) up 1%.

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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