March 2, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Positioning

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 only a minor dip in the stock market in the early trade on the Iran war due to Wall Street’s positioning.
• The chart shows that the stock market is still above zone 1 (support).
• The chart shows the magnet that has proven to be formidable resistance.
• As most investors react to the headlines with emotion, prudent investors need to understand that positioning is the most important factor related to the Iran war.