Trump Chickens Out (Again): TACO April 2026 Edition

Same movie (rerun) as last year: 🍿

• Trump makes outrageous threats.
  
• Trump capitulates. 
• Investors robbed. 
• Short sellers have a nasty case of Déjà vu. 

Bottom Line: Nobody wins - except maybe Israel?  

The Pinned Tweet That Foretold The Second Annual Taco (the main event)

   (Direct From My Twitter Feed Where Dreams Really Do Come True)

PREDICTION (just dropped):

1. TACO (yet another deadline extension) 2-4 weeks
2. More reruns (best of)
a. The Iranians want a deal sooo bad!
b. Stocks have done better than anyone predicted.
c. Crude Oil is lower than I thought...

Pattern holds. Wheel of Death… pic.twitter.com/w4KqGzvxMy

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

Today's Big Winner: Beaten-up Airline Stocks  

I think I'm going to have a lot of charting to get caught up on at today's open so I better wrap this up quickly. lol  

1. $SPX Breakout Alerts — Called the futures breakout live ( yesterday Apr 7). 

   $SPX futures continue to break out. $VIX well off the highs. Trump isn't fooling anyone. #TACOTuesday pic.twitter.com/o4bBpdHTRR

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

2. Energy Trade Unwind + Sector Rotation — Monday’s setup playing out in real time. That $XOM base was cute… until the rotation reversed. As I noted on Monday, that "Chart was flashing pure exhaustion" [link] 

The Verdict: Looking extremely bearish for the entire "heavily pumped" energy space.

• Will Valero ($VLO) fare better? CNBC Fast Money gave it a fresh pump Monday night. 🤣
• $80 Crude Oil Target? I called for this yesterday morning. Total crickets from the oil traders then—but they’re listening now.
• What the Oil Bros missed: Crude Oil already broke out above $80. Nothing moves in a straight line. #Brent #CrudeOil pic.twitter.com/JYPy0Oi78f

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

Today's Game Plan Stay Nimble  

Am I chasing today's gains? No. No change in plans. Watching this nutty action from the sidelines until we see real traders return from vacation, just in time for Bank Earnings to kick off. 

Pro Tip: Don’t become overly complacent with the $VIX still trading in the 20s. Volatility and gamma can flip the Wheel of Death fast.

Veteran Market Timer | Trading the absurdity, one TACO at a time.

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