S&P 500 (SPY) Report – 8/22/22

Good morning traders!

The S&P 500 ($SPY) is trading below Friday’s close. Let’s get into it…

In the news, Governor Eric J. Holcomb and Secretary of Commerce for Indiana Bradley B. Chambers are among the other American delegates to arrive in Taiwan. President Tsai Ing-wen of Taiwan and executives from the semiconductor industry will meet with the officials. The American Institute in Taiwan said that important developments in US-Taiwan ties, regional security, trade and investment, global supply chains, climate change, and other problems of mutual concern had occurred. China opposes any official visits to Taiwan since it considers Taiwan to be part of its territory and has been conducting military exercises ever since U.S. House Speaker Nancy Pelosi visited Taipei earlier this month.

Potential Intraday Resistance Levels:
8/18/22 Low of Day: $425.50
5D EMA (1Y:1D): $426.41

Potential Intraday Support Levels:
9D EMA (1Y:1D): $423.19

Note: Moving averages are reported from the previous trading session and will change during the next trading session. 

Monday Economic Events:
Chicago Fed Activity Index 8:30am ET

Fed Speaker Scheduled:
No Fed Speakers Scheduled


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This article provided by the DailyBubble team should only be considered as informational and/or entertainment by the reader. DailyBubble makes no representation to buy or sell any security or financial instrument within the article. Readers seeking investment advice should seek independent financial advice from a professional, and independently research and verify. The DailyBubble team wrote this article and may express its own opinions therein.

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