THE OIL COLLAPSE: Why Trump Just Triggered the S&P 500 Bounce! 🚨 BUT IT WON'T LAST--2 hours ago
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The "Gambler's Mind" was completely blindsided this morning, but the "Verified Trader Mindset" saw this exact setup coming from a mile away.
In today’s highly critical My Trading Game Plan, Chief Market Strategist Gareth Soloway takes a massive victory lap after calling the absolute top in Crude Oil. Following Friday's textbook "Topping Tail" reversal signal, Gareth alerted his members to short Oil at $100/bbl. Today, President Trump shocked the market by announcing "really good" talks with Iran—triggering an immediate, violent collapse in Crude down to $85/bbl. Gareth explains why this political intervention was perfectly timed to save the stock market from cascading lower, even as Iran immediately denied the talks took place.
The trap door was closed, but for how long? With Oil plunging, the algorithmic pressure on the stock market has lifted. Gareth is officially shifting to short-term bullish to ride the S&P 500 and NASDAQ relief bounce. However, he warns that the broader macro structure is still locked in a massive Distribution Phase. This bounce is the ultimate setup for the next major short.
Meanwhile, the Precious Metals executed a brutal washout. Silver flushed all the way down near the $60/ounce level, shaking out the weak momentum traders before catching a massive bid on the back of the stock market rally.
https://www.youtube.com/watch?v=epw4z4ebXV8