U.S.-IRAN ATTRITION GAME BEGINS – WHAT STOCK MARKET INVESTORS NEED TO KNOW; CONSUMER SENTIMENT HITS 74 YEAR LOW
By Nigam Arora
To gain an edge, this is what you need to know today.
Game Of Attrition
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 has now pulled back below the low band of zone 1 (resistance).
- The reaction shown on the chart to the news of failure of Iran talks and President Trump’s response to blockade the Strait of Hormuz is very muted. On Sunday evening when futures opened lower, the momo crowd aggressively bought the dip.
April 13, 2026