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ProfessorBen

8,148 Posts.

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20/04/24

05:22

Post #: 73434829
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Originally posted by DoctorBen: ↑

It appears Israel response (so far) was attacking an airbase in Iran with drones, all of which were intercepted by the Iranians. This is perhaps the last chance for both sides to deescalate as they both have now done something to save face without causing much damage.

In the meantime, markets are using these ME headlines to sell, while masking the real cause (nonsense valuations).

For SPX today, I think it may end up green today. I'd say it needs to do a weak bounce to suck it some bulls here before dumping. The pre-market red activity (down to 4900) could just be an spike to flush down existing positions before that weak bounce.

So perhaps green, unless a Iranian missile lands in Israel today.

Expand

An hour to go. Lifted off those pre-market low 4900s for a little squeeze. Lost steam though at 5000s and fell back into red.
ME tensions probably eased a bit, but hard to be sure about what those nutheads may do over the weekend.

Last edited by ProfessorBen: 20/04/24

XJO Value at posting: 7,567.3
6 Upvote

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