BTIG, with a “bearish stat”:
“.. Since 2003, SPY has opened above both its 50 and 200 DMA while closing below both the day prior just three other times ..
“.. Those three periods saw immediate declines of -13%, -16%, and -13% over the next few weeks.”
BREAKING: We have received the full details on the US-Iran 2-week ceasefire announced by President Trump:
Details include:
1. The 2-week pause is subject to Iran agreeing to the "complete, immediate, and safe opening" of the Strait of Hormuz
2. Trump describes this as a "double sided ceasefire" brokered by Pakistan
3. Trump says the US has "already met and exceeded all military objectives"
4. Trump says the US and Iran are "far along with a definitive agreement for long-term peace"
5. Trump says Iran's 10-point proposal is a "workable basis" and this two-week period will allow an agreement to be finalized
We now await comment from Iran.