Mideast wildcard implications
|S&P 500 acted in line with my post-CPI analysis, and moved up no matter the unemployment claims (continuing), smartly returning prices above both 6,015 and 6,035 as per the below chart, stalling around 6,050 as called premium, in what could very well be the right shoulder formation.
Then, Israeli strike on Iran sent stocks reeling, USD down and first oil, then gold spike. I‘ve talked the Mideast situation as regards various assets incl. the dollar in today‘s video, make sure to review it. USD is of special importance here alongside oil, as further talked and shown. Will the sanguine geopolitical assessment turn into complacency?
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