The entire market was expecting President Trump's address to the nation to be de-escalatory.
Instead, he said the war will continue until late-April, threatened to strike Iranian power plants, and said Iran will be sent back to the "stone age."
Oil prices have all your answers.
$SPY
This current cycle has been fairly predictable on a macro level.
We have seen ATHs three times in the last 30 days. Today was the 3rd.
Each time we have made new ATHs $SPY has pulled back. We have seen an average pullback of 2.7%, with the bottom coming in around 5-7 trading days after ATHs were met.
IF we see inability to break above ATHs and we hold under 694.50 im looking for a pullback to 680 by end of NEXT week.
This downtrend could form another higher low IF structure holds.
A break and hold over 696.50 and I think we see a bullish move to 700-->701.52-->703 near term.
NFA
$TSLA WARNING⚠️Fibonacci HARMONICS
We are INSIDE of last month's range building a HAMMER
THEY are HUNTING option premiums do NOT CHASE or got SHORT TERM - I will alert NEXT BREAKOUT above 457
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