It apparently takes a regional war in the Mideast to finally pop the balloon on global markets, but that's how the cookie crumbles–at least we got the snapback rally I alerted to on Sat. [link]
Different story same playbook - no lockdown virus this time:
- Rug is pulled at market highs - From Germany to Australia, to Japan
- Monday morning surprise at the end of the month (Feb.) - cycles
- Sector rotation into energy continues - this sell off may be different but it rhymes
$SPX is still trading in the same sideways range we've been stuck in for 4 months.
This is what drives people to trade Crypto, and Gold https://t.co/yfmWNDi8CT
— Veteran Market Timer (@3Xtraders) March 3, 2026
Energy markets have been anticipating Operation Epic Fury for months it seems, with $USO up +25% off the Dec. lows
Looks like oil traders are expecting an attack on Iran this weekend. Crude oil to close on a bullish downturned wedge #CrudeOil pic.twitter.com/CrMFTPXVZS
— Veteran Market Timer (@3Xtraders) February 20, 2026
We may have just seen capitulation in that space—check the massive selling volume on $ERY (2X energy bear). You don't think anyone would be dumb enough to sell this bear fund short? I do...
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| $ERY rug pull on record volume |
Iran claims the Strait of Hormuz is closed on Russian media.
OIL CHOKEPOINT STRAIT OF HORMUZ CLOSED
— RT (@RT_com) March 2, 2026
IRAN’S NAVY WILL SET SHIPS ON FIRE IF THEY TRY TO PASS THROUGH pic.twitter.com/GM2bYBivmh
Take that war propaganda for what it's worth:
1. US is self sufficient.
2. There is an oil glut.
3. Supply isn't affected until the strait is shut down for 30 days.
4. Oil is in a long term bear market.
5. Iran lies all the time
What Else Was Up Yesterday? US Tech Stocks Rally with The US Dollar
That's right just as CNBC Fast Money clowns told you to invest in Chinese Tech US tech leads, and the safe haven trade becomes the same currency (the $USD) the gold bugs warned you about.
Dollar surges on Mideast war because, contrary to all the recent doomsayer narratives, it is the world’s safe haven currency pic.twitter.com/nxsxLsIWXP
— Sara Eisen (@SaraEisen) March 2, 2026
MAG7 Stocks Trade to 2 week highs after Having Their Best 1 Day Run In 50 Days- crickets 🦗 from the rotten msm - too busy rooting for the oil inflation trade, I guess.
I predicted that Bloomberg would root for the enemy, and now you're already seeing it in real time. #Day3 #OperationEpicFury #Iran https://t.co/LNzlf6MBOt
— Veteran Market Timer (@3Xtraders) March 3, 2026
Didn't I tell you these vermin would root for the enemy, and this is only day 3.
Trading Tip of the Day: Know how to set a stop loss if you're going to dabble in commodities trading
P.S. The Broadening Out Economy Trade Final Nail Driven Into the Heart of the False Narrative
So much for that "broadening out" trade. Everything from $TRAN to small caps is unwinding. #PonziEconomy #OperationEpicFury #Trumponomics
— Veteran Market Timer (@3Xtraders) March 3, 2026
