HCPG

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UPDATE: Iran’s "reverse indicator" trading advice continues to play out in real-time: At 4:12 PM ET on Sunday, Iran's Speaker of the Parliament said pre-market news is a "reverse indicator," if they "dump" the market, then "go long," and "if they pump it, short it." By 10:00 PM ET last night, S&P 500 futures had fallen nearly -1% on mounting war concerns. By 12:00 AM ET, 2 hours later, S&P 500 futures had reversed all losses and turned green. Then, at 7:25 AM ET today, President Trump posted that "great progress" is being made on peace talks sending the S&P 500 +100 points off of its low. Now, at 3:00 PM ET, just ~7 hours later, the S&P 500 has turned red and is down -100 points from its high, once again "reversing" price action. That's a near $2 trillion swing in S&P 500 market cap in less than 24 hours. There is truly never a dull moment in this market.

Too bad selloff is so orderly day after day and no 4% down days to scare Trump into changing course. So much for market acting as a guardrail against him making stupid decisions.

540 zone magnet $QQQ and now 580 major resistance

If $MU does not hold here then likely will overshoot and this level will become resistance. Big level here for bull/bear.

$SMH broke 20sma last week, first day so far being pushed down.

lol! lol?

Current situation: 1. Iran is providing investment advice to US traders claiming pre-market news is a "reverse indicator" 2. The US is removing sanctions on Russian crude oil 3. Russia is assisting Iran with intelligence and strikes on US bases 4. China is actively calling for an immediate end to the Iran War 5. Spain has banned the US from using their military bases for strikes on Iran 6. President Trump is saying the US no longer needs NATO Talk about a turn of events.

@Shepdog69138782 65ish but headline tape so who knows

@HCPG If we lose this support what's the next downside target?

Software looking grim here at previous support $IGV under 200sma

This is how we lose the 21st century to China.

Those woke Chinese.

@markgrobbel Maybe. But I did run it thru grok before retweeting and it confirmed

@HCPG This cannot be true, just from a sitting here standpoint.

At least the fraud is out in the open -- only silver lining available.

S&P 500 $6,470 S&P 500 $6,470 August 2025 March 2026

BREAKING: The S&P 500 has now erased -$4.5 trillion in market cap since the Iran War began on February 28th.

Very orderly, Indy down under 9EMA, no panic yet. $QQQ

US comments almost zero reaction now.

Next major support $QQQ 530-540

Next major support $SPY 610 zone

$GLD 400 survives again, however all noise until over 425