What we know for now is that there are signs that energy-dependent, ill-prepared economies have said enough is enough (Dax, FTSE, ASX200), as evidenced by their response to the levels of the 2nd of March, the first day the market could respond to the war in Iran (green line).
Our conclusion has been: Short what you don't need and long what you need to eat.
The chart is short Dax twice against long Wheat and Corn, ensuring your gross exposure matches.
This ratio is up a measly 1400% since 2020; now working on an outside reversal lower quarterly bar, with a clear failure at the 2nd of March low. We are targeting 1640 on this move lower (blue line).
From thinkorswim to tastytrade to TASTELESS https://t.co/jqtw3wlOMZ These two together on the screen makes my week and brings a smile to my face. Thank you Bat & Sos Grande. @Tony_BATtista@Tomunderwater#PISTA Lives!
For those not already or unable to short the markets, remember, #CASH is a position. This is an opportunity in the making. This is an observation and not advice. Cash is a position.
I went to a #4thofJuly Fireworks celebration last night, @fireflyspace happened to launch the Alpha FLTA005 Rocket out of Vandenberg Space Force Base during the show and I was convinced it was the most American thing I’ve ever seen.
Happy 4th, all 🇺🇸🍻✌️