$2 TRILLION OPTION EXPIRATION – IRAN BACKCHANNEL MESSAGING CAUSES OIL COLLAPSE
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Iran Backchannels
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market is consolidating after the big rally.
- RSI on the chart shows that the stock market is overbought in the very short term.
- The magnet now is the mini resistance zone on the chart.
- Financial Times is known for its sources in the Middle East. The headline today of Financial Times is “Iran Told U.S.
November 17, 2023