Breaking: Iran Threatens To Withdraw From US Ceasefire
In a Nutshell
Trader recaps profitable SQQ trades on NASDAQ reversal amid market caution from Iran's threats to withdraw from US ceasefire if Israel continues attacking Lebanon, plus official closure of Strait of Hormuz. Geopolitical tensions could escalate with Iranian responses, Trump tariffs on arms suppliers, and potential oil price spikes if attacks target refineries or shipping fees rise, setting up dip-buy opportunities in oil ahead of CPI data. Deescalation lifts markets; escalation drops them while boosting oil—live trading updates provided.
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Ricky with Tackle Solutions traded the overbought reversal with the LPP team, playing it safe by watching position size and taking profits. Early signs of a possible reversal forming on a slow day, up over $1,000. Played safe yesterday by not carrying a position overnight due to ceasefire or potential attack. Markets gapped up; at market open, waited to see if they would continue rallying after being up 3.5% or correct. Markets began to correct. Watch today's live trading (second link in description).
As markets curled over, added small positions to SQQ long (goes up when NASDAQ goes down). Day trade, not carrying overnight. Forming another lower high; recovered, took profits on most position, now rejected and reopening position on SQQ. More NASDAQ sell-off means SQQ goes up, but not being super aggressive.
US markets and futures trading higher on two-week ceasefire. Trump announced first thing that any country supplying military weapons to Iran faces 50% tariff. Tariff Trump is back.
Reports after ceasefire: Iran will withdraw from US ceasefire if Israel continues attacking Lebanon (one of 10 points in Iran's 10-point peace deal plan: all attacks in Lebanon must stop). Iran officially closes Strait of Hormuz until further notice due to Israel attacking Lebanon.
Iran says, "We're preparing for heavy responses to Israel's attack on Lebanon."
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