From Operation Epic Fury To Apocalypse Tehran To The Armageddon Trade

I don't know about you, but I never grow tired of winning: 

• October, '25 I called out the SPX 7000 target referring to it as a I don't know about you but I never grow tired of winning: psychological target, and a bad omen... [link] 
• Dec. 9th, '25 I flagged the talking heads hosted an endless parade of perma-bulls trying to convince us that we are seeing a broadening out of the economy-calling it out as absolute BS [link] 
• Even as recently as Friday, Feb. 28th - ahead of the second bombing campaign against Iran (Epic Fury) - I called out the a-holes who were trying to tell us that $VIX 19 was nothing to be concerned about, and now here we are, with $VIX threatening to breakout above 30. 

To refresh your memory: The last time the $VIX crossed the 30 it triggered the April '25 collapse, and this is beginning to look like a repeat. 

The Stage is Already Being Set for Another Volmageddon Unwind 

Read What Is Volmageddon? Why Record Options Trading Could Risk Another 20% Stock Crash (forbes.com) 

I've warned on the subject of Volmageddon many times, and explained what led to it, in my April 10th, 2018, FACE Interview 

Video already cued up: 

A Tale of Volmageddon - Revisiting Volmageddon 1.0 - Preparing for Volmageddon 2.0 - Danger Signs Ahead? [link]

The short sellers of the $VIX were hosed again on Friday, as the rug was predictably pulled below their stophunt! 

If we do see a repeat of what we saw last year, you can bet stocks are going to snap right back, and squeeze the short-sellers into the next breakout, because guess what - spoiler - this is only a dress rehearsal for the Armageddon Trade.       

I still say the biggest unwind is coming in energy markets, because this is where speculators have positioned themselves, as they are certain Trump doesn't have an exit strategy. Just as they believed Trump was going to destroy the global economy with his tariffs. 

The Pivot from Operation Epic Fury to $30 Crude  

Maybe Oil takes out the $100 (psychological target) and hangs up in that range for several weeks, but then I'd expect the cost of a barrel of Oil to immediately plummet back the mean - around $30. Oil drillers have also been driven to the moon, just as Airlines were... just in order to sell them again. In fact the whole broadening out narrative was used as another excuse to pump and dump stocks in yet another massive sector rotation. We've seen this playbook 100 times. Last time we saw a Trump trade taken out with the trash like this was the massive 202 Crypto rally, they first attributed to Trump, then "stable coin". Remember that bridge in Chicago... yeah it's still for sale - CALL ME! 

Trump 45/47 Targets Spotted on the Dow Jones 

🚨Dow pulls back to 47K – symbolic/psychological Presidential support - Trump as 47th POTUS? #Trump47 #Dow47K $SPX #Nasdaq $VIX 🚀🚀🚀 pic.twitter.com/UMcAEAQOqE

— Veteran Market Timer (@3Xtraders) March 6, 2026

NASDAQ continues to Trade At The Same Level It Was Trading in For the Past 5 Months 

 That probably comes as a shock to those who only watch the $SPX, and the $SPY, but now that the broadening out narrative is put to rest, the Nasdaq takes center stage as (still) only market that matters.  

Be vigilant, and have a plan if the $SVXY is used to trigger another Volageddon event, but don't miss another spring rally, which at this point looks like it could extend all the way into the summer.  

P.S. Buy & Hold is Still Dead. Pump n' Dump - Rinse n' Repeat 

Buy and hold is dead, as investors are learning, the hard way. Most stocks do not go up over the long term.

— Veteran Market Timer (@3Xtraders) March 7, 2026

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