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On September 7th, Iranian Parliament Speaker Mohammad Ghalibaf announced on Sunday that Iran would adopt a more aggressive military posture in its war with the United States. Ghalibaf stated in a post, "If they havent understood by now, then they should understand before its too late that the rules of the game have changed. From now on, any act that infringes upon Irans interests and security will be met with a faster, fiercer, and more painful response." He had previously warned that Irans retaliatory actions would no longer be "reciprocal." Ghalibaf also acknowledged that Iran is facing severe economic pressure under the comprehensive sanctions and "strangulation" and isolation efforts led by the United States. He said, "Sharp exchange rate fluctuations, inflation, unemployment, and market management are fundamental challenges that have placed enormous pressure on peoples livelihoods." He further stated that Iran must commit to strengthening domestic production and utilizing technology to "develop short-term and permanent solutions."September 7th - Clashes between Yemeni government forces and Houthi rebels in Taiz and Hodeidah provinces entered their fourth day on the 6th. According to medical sources from both sides, the fighting has resulted in at least 117 deaths. A senior medical official operating with government forces on the west coast stated on the 6th that since the conflict began on the 3rd, 54 government soldiers have been killed and many others wounded. The fighting continues to escalate with no signs of abating. Meanwhile, medical personnel at a Houthi-controlled hospital in western Hodeidah province reported that 63 Houthi fighters have been killed in the clashes.September 7th - The 26th China International Fair for Investment and Trade (CIFIT) will be held in Xiamen, Fujian Province, from September 8th to 11th. This years CIFIT has attracted over 1,200 government agencies and business delegations from 129 countries and regions and 30 international organizations.Jared Kushner, Trumps son-in-law: We are working with Hamas to move towards disarmament and have reached an agreement with Israel on the ultimate goal of the Gaza Strip plan.The UK Maritime Trade Operations Office reports that 59 vessels have passed through the Strait of Hormuz in the past 48 hours.

Short SPX: Top Trade Opportunities

Cory Russell

Apr 25, 2022 10:42

The animal spirits that had dominated the stock market for most of the previous year were breaking as 2021 came to a close. The market then collapsed in Q1. Although the recent drop was severe, it was far from savage.


It's possible that the shot across the bow is to blame. The rally, which started in late March, will be closely monitored since it might be a "sucker's rally" rather than a relief rally. If this is the case, Q2 is likely to see a lower high.


Price isn't expected to rise much over 4600, if at all. A rally that extends beyond that point may still fail as a double-top. The market normally does not retrace more than 60-70 percent of the slide off the record high to reach the classic topping sequence of a high, major drop, lower-high before the massive bear market sell-off.

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