BREAKING: Iran now announces it has shot down a US MQ-9 Reaper drone over the Strait of Hormuz, with the IRGC saying the aircraft was the 54th American MQ-9 destroyed and was intercepted by a new advanced air defense system under the country's integrated air defense network, per ISNA.
The announcement came as anti-ship missiles and drones were launched from Hormozgan Province toward the Strait of Hormuz, with explosions reported in the waterway. Heavy GPS jamming has also returned to the Persian Gulf, while local reports from Bandar Abbas described two massive explosion waves and seismic tremors around 04:10 and 04:12 local time.
So here's the thing
Nothing's changed ...everything is bearish. But.
The bears have until Friday the 23rd or latest Tuesday the 27th
Afterwards you have fomc on the 28th and big mag7 earnings on the 28th and the 29th as I posted
So...
The alternate to 7580 that I've been calling for would be that the market corrects in time and not price. So basically stays flat
The daily pivot tomorrow is 7735 acting as resistance
The weekly pivot is 7708 as is being defended hard tonight.
Remember what I said.. once the weekly SPX pivot goes (since the weekly vix is already bullish) typically that's the ingredients you need for an SPX drop that's why they're defending it so aggressively.
BREAKING: The U.S. might have started a fresh wave of strikes on Iran, with multiple local reports from Bandar Abbas documenting significant seismic disturbances and powerful shockwaves, as residents at 04:10 and 04:12 local time experienced two massive explosion waves and a severe tremor accompanied by muffled sounds, per local reports.
Witnesses described violent shaking akin to an earthquake or major explosion, with vibrations felt particularly in residential areas near the air base quarters.
The blasts come as heavy GPS jamming returns to the Persian Gulf.
BREAKING: Brent crude oil surges above $110, its highest level since May 19, after the US carried out strikes on Iran's Konarak Naval Base, wounding two Iranian soldiers.
US oil is now at $103.
Iran accused the US of striking the Konarak Naval Base with two "light projectiles" early Monday morning, Al Jazeera reported.
The attack wounded 2 soldiers and targeted an anti air gun.
BREAKING: The U.S. has reportedly struck Iran’s Konarak Naval Base on the country’s southeastern coast, hitting a 35mm Oerlikon anti-aircraft cannon with two projectiles around 1 a.m. local time on October 19 and wounding two Iranian Navy personnel, per an Iranian Navy spokesperson cited by Al Jazeera.
The spokesperson said the projectiles were fired by American forces, while local reports recorded two explosions in the Konarak area. The strike may have involved a U.S. Air Force MQ-9 Reaper drone firing an AGM-114 Hellfire missile after the cannon opened fire.
The last reported U.S. strike on Iranian soil was on September 1, nearly seven weeks ago. Iran is now likely to respond, potentially marking the beginning of a new round of direct U.S.-Iran military confrontation.
BREAKING: The US has carried out strikes on Iran's Konarak Naval Base on the southeastern coast, wounding two Iranian soldiers, per Al Jazeera.
It is the first US strike on Iran in nearly 7 weeks.
Iran will likely retaliate tonight.
$BTC 📌
Not much new since my last post. LTF is clearly bearish. Still holding my short, expecting we could sweep lower liquidity.
But it's hard to have strong conviction based on LTF alone when HTF is clearly bullish. BTC can liquidate longs or shorts in just a few candles, as usual.
That's why it's important to enter at the extremes of a structure, either at the OTE or a supply zone, to avoid getting trapped and secure profits by moving your position to BE, like I did.
$XAUUSD & $DXY update. 📌
Personally short since this morning on gold, plan is the same as last week.
This sell wall at 4200 is really strong and I think price will visit the lows again quickly. And why not, if we don't react on the 4100, finally drop to sweep the liquidity at 3800.
Anyway I've already said it, that's the scenario I prioritize and it's correlated with my $DXY analysis.