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June 5 - According to Iranian media reports on the 5th, the Iranian Navy fired warning shots at two US destroyers, driving them away from the Gulf of Oman.Ukrainian Navy: A Ukrainian Navy unmanned vessel was interfered with by Russia and lost control, drifting towards Romania. Ukraine has communicated with Romania to avoid casualties.Market news: Airbus has delayed deliveries of XLR aircraft to Air India due to supply chain disruptions caused by the war.Ukrainian President Zelensky: Ukraine has brought 185 people back from Russian captivity.On June 5, Xi Jinping, General Secretary of the CPC Central Committee and President of China, held talks at the Great Hall of the People with Thongloun Sisoulith, General Secretary of the Lao Peoples Revolutionary Party Central Committee and President of Laos, who was on a state visit to China. Xi Jinping put forward four points on advancing China-Laos relations and the building of a community with a shared future for both countries to a higher standard, higher quality, and higher level: First, adhere to the socialist direction. Second, consolidate the foundation of mutually beneficial cooperation. China is willing to strengthen strategic alignment with Laos and expand areas of cooperation. We should leverage the advantages of the China-Laos railway as a major transportation corridor, promote development along the route and implement "one-stop customs and inspection," and upgrade cooperation along the China-Laos Economic Corridor. We should accelerate the connection of the China-Laos-Thailand railway to achieve greater connectivity within the region as soon as possible. We should strengthen cooperation in traditional areas such as agriculture and electricity, and expand cooperation in emerging areas such as artificial intelligence and the digital economy. China is willing to continue to provide assistance to Laos to the best of its ability. Third, consolidate the traditional friendship between the two peoples. Fourth, strengthen coordination of foreign policies. After the talks, the two sides jointly witnessed the signing of cooperation documents in the fields of inter-party relations, peoples livelihood, finance, customs, trade and economic cooperation, youth exchanges, and media.

Trade Through 13583.75 Changes Minor Trend to Up in E-mini NASDAQ-100

Cameron Murphy

Apr 29, 2022 10:10

Investors followed the wave produced by excellent Meta Platforms results, sending June E-mini NASDAQ-100 Index futures up just after the mid-session on Thursday. The rally expanded to damaged technology and growth sectors, easing concerns about a U.S. economic slowdown in the first quarter.


June E-mini NASDAQ-100 Index futures are trading at 13399.75, up 390.75 or +3.00 percent, as of 18:04 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $327.55, up $10.79 or 3.41%.

News on the stock market

The parent company of Facebook surged 14.3% after reporting a better-than-expected earnings and seeing user growth on the social-networking site.


Apple Inc, the world's most valuable corporation, and Amazon.com Inc, the world's largest e-commerce firm, both surged more than 2% ahead of their results later in the day.

Economic News from the United States

After growing at a 6.9% annualized pace in the fourth quarter, gross domestic product declined at a 1.4 percent annualized rate in the first quarter, according to a report from the US Commerce Department. The economy was expected to expand at a pace of 1.1 percent, according to economists surveyed by Reuters.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the downturn will be signaled by a transaction through 12801.50. The major trend will turn to up if the price breaks over 14298.00.


The minor trend is similarly in the negative direction. The minor trend will be changed to up if a transaction is made through 13583.75. This will cause the momentum to move upward.


13583.75 to 12801.50 is the minor range. It is now trading around 13192.50, which represents support, on the strong side of its pivot.


15268.75 to 12801.50 is the short-term range. If the minor trend reverses, the retracement zone between 14035.25 and 14326.25 will be the next upward target.

Technical Forecast for the Daily Swing Chart

Trader response to 13192.50 will influence the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Possibilities for Growth

The presence of buyers will be shown by a persistent advance over 13192.75. The minor peak at 13583.75 is the next goal. If this level is broken, the minor trend will shift to the upside, providing the impetus required to attack the short-term 50% level at 14035.25.

Scenario that is bearish

The presence of selling will be signaled by a prolonged move below 13192.75. This might lead to a retest of the low of the week, which was 12801.50. If this price fails, expect the selling to continue into the primary bottom at 12179.50 on March 5, 2021.

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