MrTopStep

Shell faces up to $750m (~£560m) hit after an Iranian missile strike damaged its flagship Pearl GTL plant in Qatar’s Ras Laffan — the world’s largest gas-to-liquids facility and Shell’s top cash generator. • One production train hit, full shutdown. • Repairs likely ~1 year • Part of Iran’s retaliation to Israeli strikes on Iran’s South Pars gas field. • Broader Gulf energy attacks caused oil spikes (Brent >$118) and LNG disruptions.

It will get better... just not today music.youtube.com/watch?v=tgaYtp…

@MikeZaccardi @AugurInfinity @SoberLook we are past that and historically we have never been in a war like this

Historically, the S&P 500 bottoms 15 trading days after a geopolitical event begins DB. @augurinfinity @soberlook augurdigest.com/p/augur-digest…

all of this is part of Mondays Opening Print Next week has a busy economic calendar but also an overload of Fed speak. I think things have gone from bad to worse and while I dont need to look for things to tell me that I thought this stuck out from Goldman Sachs as most of the banks have tried not to scare their customers. Goldman Sachs has issued several warnings regarding market corrections and shifting investment landscapes, most recently noting in an email on March 20, 2026, that it is eyeing the risk of a deeper market correction that may leave investors with "few places to hide." This follows a "grim warning" from October 26, 2024, that "shocked Wall Street" regarding potential market instability and a strategist alert that same month warning that annual S&P 500 returns could narrow to just 3% over the next decade due to high valuations and market concentration. These shifting themes were foreshadowed in late 2023 when flow-of-funds expert Scott Rubner "pulled the plug" on the year-end rally, stating the dynamics of the "everything rally" had run out of steam, leading to a February 2025 observation that the era of U.S. stock outperformance may be fading as returns broaden across geographies and sectors, making diversification and stock picking more critical. Amidst these risks and policy uncertainty, Goldman has remained bullish on gold as a "safe haven," forecasting it could rise to $3,100–$3,700 per ounce by the end of 2025 driven by strong central bank demand. I do think you have to keep this in perspective, as the market close on Friday, March 20, 2026, the S&P 500 has rallied approximately 876% from its 2009 credit crisis low of 666. and as of the market close on Friday, March 20, 2026, the S&P 500 has rallied approximately 197% from its COVID-19 pandemic low.

Lots of Fed speak next week ... MONDAY, MARCH 23 Construction spending: 0.1% / 0.3% TUESDAY, MARCH 24 U.S. productivity: 1.8% / 2.8% S&P flash services PMI: 51.7 S&P flash manufacturing PMI: 51.6 Fed Governor Michael Barr speaks WEDNESDAY, MARCH 25 Import price index: 0.7% / 0.2% Import price index minus fuel: 0.5% Fed Governor Stephen Miran speaks THURSDAY, MARCH 26 Initial jobless claims: 210,000 / 205,000 Fed Governor Lisa Cook speaks Fed Governor Stephen Miran speaks Fed Vice Chair Philip Jefferson speaks Fed Governor Michael Barr speaks FRIDAY, MARCH 27 Consumer sentiment: 54.0 / 55.5

43 Years : Metals Gold futures suffered their worst weekly decline in over 43 years  or since March 1983, plummeting over 10% during an eight-day losing streak to settle at $4,496.16/oz on Friday. This historic slump, the metal's worst in over forty years, was driven by an escalating conflict in the Middle East that has dented bets for near-term interest rate cuts. As investors prioritized cash and a surging U.S. Dollar over traditional safe havens, major central banks warned that rising energy costs would likely keep inflation high. Consequently, the spike in Treasury yields and the "flight to cash" effectively crushed the investment case for bullion as the week drew to a close.

Energy Since the U.S.-Israeli conflict with Iran began on February 28, 2026, energy prices have experienced a massive structural shift, with WTI Crude Oil surging approximately 46% from a pre-war baseline of $67.02 to Friday's settlement of $98.23. During this same three-week period, RBOB Gasoline futures have jumped roughly 10% from their pre-war average—with some regional pump prices spiking up to 30%—culminating in a Friday session where energy markets reached a breaking point. April WTI Crude rallied another +2.27% to close at $98.23, while April RBOB Gasoline skyrocketed +5.09% to $3.28, marking a 3.5-year high for nearest-futures as the Pentagon reportedly prepares for potential ground troop deployment and a takeover of Kharg Island.

Correction Territory : The stock market has suffered its 4th weekly decline and the losses accelerated last week as the 3 week Middle East war shows no sign of letting up. Friday the Nasdaq fell  2% and is now 9.6% below its record high, the S&P that closed down 1.52% on Friday is now down 7.58% from its  from its all-time high of 6,978.34 set on January 27, 2026. The Dow futures have closed lower 7 of the last 9 sessions, down 0.97% on Friday and down 9.90% YTD and last not least the RTY  closed down 2.27% and is down 11.32% YTD.

Trump: US considering 'winding down' military efforts in Iran Oh yeah, was it Bob who was in the S&P youtu.be/P3Kx4oH5XjA?si… via @YouTube

@MrTopStep VWAP off Liberation day TACO is 6565 area. Have a great weekend

Cycle Day 3 — “FRYday Liquidation” Friday, March 20, 2026 polaristradinggroup.com/trading-room-r…

RPT: 3 US warships, 2,500 marines deployed to Iran youtu.be/Xqa_SZCvVrg?si… via @YouTube

Gold is taking a hit while crude oil gains traction as we approach a volatile Quad Witching day. Expect big swings and keep an eye on the markets! 📉💰 Read more: mrtopstep.com/gold-gets-dump…

Gold is taking a hit while crude oil gains traction as we approach a volatile Quad Witching day. Expect big swings and keep an eye on the markets! 📉💰 Read more: mrtopstep.com/gold-gets-dump…

How to use AI to create support and resistance levels x.com/i/broadcasts/1…

I'm going live to explain how I use Claude to make my levels. It can be used for stocks, metals, commodities, interest rates, futures, ect ect ect $YM $MYM $DIA $DJD $DJIA $ES $MES $SPY $SPX $IVV $VOO $SPLG $SPYM $SPXL $SPXS $SSO $UPRO $NQ $MNQ $QQQ $QQQM #FF #Options #FF #Trading $VIX #0ODT

Niels going Live now youtube.com/watch?v=eCTvhr…