Bullish! Finance 'Doomsday' Bro Down Bad
The bottom is in place—the imminent danger resulted in zero casualties.
There’s a bottom here.
Alot of precautionary activity has taken place - the time is odd too 7:13pm in Qatar?
We should see continuation buying throughout the day.
There’s too much 4D/5D chess going on at the moment. You need a method, yes—but you also need insight.
For example, when the all-caps headlines start hitting the wires, you know something is brewing. But you also know that at some point, the selling will exhaust itself and form a bottom.
That happened near 6000.
You also have to consider that there was significant preparedness leading into everything that unfolded today. Still, it shouldn’t be surprising that retaliation from Iran is occurring—and now headlines suggest there were no casualties.
In fact, Iran may feel the need to go all-in because the survival of its government is at stake. This is a reminder of how nefarious some governments can be. When their personal survival is on the line, they’re willing to take things to the brink of destruction. That’s why—unless you’re part of the bureaucratic machinery—you need to remain cautious.