Big Picture:
US-Iran escalations continue- Brent crude gone up to $100 per barrel
- Quarterly earnings not impressive yet
Positional
- All long bets are off till the war keeps escalating
Oil prices will continue to put pressure on any rallies- Better to stay on the sidelines and watch till the situation stabilises
Intraday
- The market is in chaos so trading is mostly luck than skill based
- An already oversold market is down another 200+ points
- No reasonable trader would dare going short
- Neither are there triggers to go long
- Just watch Brent oil’s prices - opportunities will come if it makes a decisive move either way
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
