• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Futures News, August 6th: 1. Strong winds and rain are expected in the Philippine Islands. Influenced by the long-distance moisture transport from Typhoon Whale (No. 14) and Typhoon Dolphin (No. 13), along with the southwest monsoon, the central and northern Philippines will experience continuous heavy rainfall. This precipitation event is characterized by its long duration and large cumulative rainfall. Over the next three days, moderate to heavy rain is expected in the central and northern Philippines, with heavy to torrential rain in most parts of Luzon and Mindoro, and locally extremely heavy rain in northwestern Luzon. The cumulative rainfall in these areas is expected to be 80-150 mm, with some areas receiving 180-250 mm, and locally exceeding 300 mm in northwestern Luzon. Gale-force winds of level 6-8, with gusts of level 9-10, are expected in the central and northern Philippines and surrounding waters. In addition, over the next three days, moderate to heavy rain is expected in the central and northern parts of the Indochina Peninsula, northern and southwestern coastal areas of India, and Bangladesh, with localized torrential rain or heavy downpours, accompanied by short-duration heavy precipitation, thunderstorms, and strong winds. 2. High temperatures will persist across many parts of Asia, Europe, and North America. Over the next three days, influenced by a high-pressure ridge, parts of South Korea, southern Japan, southern Mongolia, central and western Southern Europe, eastern Central Europe, southern Eastern Europe, the Midwestern United States, and northern Mexico will experience temperatures above 35°C, with some areas exceeding 40°C. High temperatures in Turkmenistan, Uzbekistan, southern Afghanistan, central and southern Pakistan, southern Iran, Iraq, and Saudi Arabia will reach 40-42°C, with some areas exceeding 45°C.US Vice President Vance: There is no disagreement with President Trump on the Iran issue, and we are working to implement his decisions.US Vice President Vance: Energy prices will fall, Iran will not have nuclear weapons, and we will be in a more advantageous position.U.S. Vice President Vance: The Iranians are tough to deal with, but their regime is fractured, and our mission is to achieve the best possible outcome for the American people.Artificial Intelligence: 1. Jeff Dean, a key figure in Googles AI efforts, leaves to found an AI startup. 2. Microsofts latest disclosure shows that its AI revenue primarily comes from OpenAI. 3. Meta launches its first programmable intelligent agent, Muse Code, which can work in conjunction with Muse Spark 1.2. 4. Cloudflare announces the launch of open-source "CloudflareOS": an open platform for AI agents and enterprise work. 5. Metas MUSE SPARK 1.1 model hacked into a companys system and made changes to its internal systems. Integrated Circuits (Chips): 1. Yu Chengdong: High memory prices may lead to large-scale price increases for mobile phones. 2. Reports indicate that Changxin rejected Apples price pressure, insisting on prices no lower than Samsung Electronics and SK Hynix. 3. US media: Anthropic confirms it is building an internal chip team for Claude. 4. After distributing bonuses to employees, Samsung and SK Hynix pledged to increase shareholder returns. 5. SanDisk expects revenue of $10.3 billion to $10.8 billion for the first quarter of fiscal year 2027, compared to market expectations of $10.8 billion. Other: 1. Alibabas 2026 Yunqi Conference is scheduled to be held in Hangzhou from September 22nd to 24th. 2. Nikita Bier announced her resignation as head of the X product line, but will remain with the company as an advisor.

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

Florala Chen

Aug 24, 2022 15:54

微信截图_20220824155053.png


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.