IRAN IS READY TO STRIKE A DEAL?!?
In a Nutshell
Markets trade in a tight QQQ support/resistance range amid Middle East tensions, with Iran signaling readiness to abandon its nuclear program for a US deal, but ongoing attacks like Abu Dhabi keep escalation risks high—watch surging oil prices (Brent >$82.50, USO +5.5%) as a leading indicator for deescalation or further drops. Avoid aggressive overnight shorts due to potential resolution upside; use Investing Pro to spot overvalued stocks like PLTR (226x earnings) for corrections. Stronger-than-expected initial jobless claims (213K) signal labor resilience, but focus on next week's deescalation odds for positioning—join live sessions for real-time trades.
These notes were generated by AI and may contain inaccuracies.
Markets are slightly in the red but trading within the same support range for QQQ and resistance range. Discussed in today's live trading session with LPP team; beginners encouraged to check second link in description for group live sessions to digest news.
Did a good job not overreacting when markets retested previous highs and resistance during extended hours. Patterns can repeat without a catalyst. Similar to Monday's rally that gave it all back, setting up for similar pattern.
Potential good news: Iran says it's ready to abandon its nuclear program if US presents a satisfactory alternative offer. If resolution and no escalation, markets have reason to recover, not supporting aggressive shorts.
Why carry short overnight with talks of potential resolution? Want markets to drop for buying opportunities to go long, but hints of resolution make it uncalculated to short overnight due to risk of uptick in extended hours.
No resolution yet; latest update shows attack in Abu Dhabi, attacks still happening.
"Breaking Brent oil prices surge above $82.50 a barrel with gas prices now up nearly 20% since January. Keep watching oil prices as a leading indicator for a potential deal or market intervention."
Oil prices surging due to attacks; use as indicator—if oil continues up, escalations ongoing; if resolution likely, oil prices drop. United States Oil Fund up 5.5% today. WTI saw huge upside, slight retracement today but hit highs of $348; likely to uptick if escalation continues, drop if deescalation.
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