SPX500 200dma 6'630 key! / META : landmark addiction trial / Red Sea threat / 5day deadline line tomorrow

sc0172
11 hours ago
3 min read

Update : Donald Trump insisted Iran is negotiating and desperate to make a deal, even as Tehran publicly rejected Washington’s overtures and issued conditions of its own. Iran is drafting a law to impose Hormuz transit tolls, Fars reported. Deployment of thousands of American troops to the Mideast has fanned fears of a risky ground invasion. White House threatens more attacks if Tehran doesn't make a deal to end the conflict, North Korea warns the U.S. against a ground invasion of Iran— signalling it PLANS to support Tehran if the war escalates. >>> TRUMP: “I call it a ‘military operation’. I’m told not to call it a war because you’re supposed to have congressional approval to go to war.”
Iran published a list of 10 countries whose citizens can pass through the Strait of Hormuz without paying 2 million dollars, and Mexico ranks second after China….Iran just played another card, threatening vessels thru Red Sea strait/Thread
Markets : Lloyd Blankfein warned of a “fire” risk in private assets, private assets, credit, markdown (joining call of what's been pointed out for a long while), Meta and YouTube found liable on all charges in landmark social media addiction trial (opens the flood gates to many more cases that are 'halted-pending'..), Trump to Travel to China on May 14-15 for Summit With Xi, Larry Fink reminds everyone of the obvious (Crude at $150 = global recession >>> infrastructure, oil, NatGas, military bases, the next final danger is water contamination, which is 'the' most terrible act possible, let's clearly hope for some understanding between Iran and U.S/Israel, hard to follow exactly where we are, 5days deadline is tomorrow though, what next ? U.S troops on the ground, Kharg Island ? fwiw, have the feeling that Mr Market is hoping-praying-positioned for a relative short war & part resolution, while we have to hope so, markets are not positioning for a prolonged period of troubles, let alone escalation.. a deeper corrections towards SPX 6K should not be too much of a shock given elevated energy prices, crude, inflation (no FED cuts for 2026), trade dislocation, and general sentiment deteriorating, consumers, daily traders buying the dip etc, getting hurt now.. watch 200dma's, SPX500 is around 6630 (weekly close below will matter as will monthly-quarterly close next Tuesday..)
Israeli official suggests purchasing Greek islands as “haven for Jewish people” - Haaretz
The New York Times has confirmed that most of the 13 US bases in the Middle East have been destroyed and empty
Rothschild family sells 27% stake in The Economist...coincidence with office raide ..?
Australians can now live & work freely in the EU for 4 years and vice versa