DX1!
SPX 
NAS100 SSILVER
In the video, I expressed my thoughts about the current market situation, and in my previous written analysis you can see the underlying logic.
In my opinion, we are getting close to taking long positions as the market moves into extremely oversold territory.
These opportunities will likely be short-lived and driven by underlying margin calls, which force other market participants to close their long positions by selling.
The Strait of Hormuz is the key variable. Once the economic pain becomes sufficiently severe, global powers may be compelled to take coordinated military action to reopen it in support of the U.S.–Israel coalition.
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.