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Maybe, only because this market likes to pump on meaningless TV victories.
If US “takes” Kharg island what are they gonna do with it? Best they can do is prevent Iran from using it, but in the meantime the troops and any re-supply vehicles would be sitting ducks for drones.
Also in the meantime Iran is gonna hit more gulf oil infrastructure in retaliation.
Can someone explain this Bol and Ber thing to me?
What are the criteria for Bers and Bols to emerge? Is it just based on the last 10m of SPY movement? Like we can be negative for the day but still read "Bers fukt"? Yesterday I saw multiple users shout out, go silent for an hour, then re-emerge when direction changed again... multiple times.
Does it matter that we're down for the year, or is the fact that we're up on the 100-year chart supersede that? Perhaps the emergence conditions are different for every Bol and Ber subspecies?
Notes
Look at the 4hr and Daily /GC charts, could be setting up for an interesting failure trade and could get nasty. Multiple Failures pre-market 4469.1 4423.2 key levels. If gold doesn’t re-claim this level this is not good for gold. Positive is it did bounce off the 200SMA 4162 so could equally bouce off that over the levels for leg up. Wild.