Economy | Geopolitical
Despite Trump threats on new attacks tonight — Oil wasn’t confirming —> news of an Iran agreement
Oil (WTI) — testing Weekly Kijun (84.50) —> on break expect multi-point further decline
QQQ
Rallied back right to Kijun (~717) —> led by Semis
Next resistance ~721–725 —> then air pocket to ~740
Daily chart:
SMH
Tested Kijun all morning (~585) —> +6.8% close on Iran news
Next resistance ~615–617 —> air pocket to 630+
1H chart:
BTC
After holding last weeks low past few days —> no participation today
—> quietly technical progress trading back above 2H Kumo
Inflection zone ~64–66K
Daily chart:
TSLA
System ~380 (Kumo test) objective hit —> strong participation +4.6%
Into Q2 Production ‘buy zone’ —> remaining cautious into SpaceX IPO
Heavy resistance ~415–418
Daily chart:
Calendar
Iran focus tomorrow
Active Position
NKE
broken record —> “sitting on bigger oil event if Iran agreement actually materializes”
—> thesis holds — +4.6% on Oil breakdown
Next resistance ~47 | upper B band —> renewed hedge at ~47+ with earnings end of June
System target — 52.50+
Daily chart:
Execution Plan — hold July 45C core | June hedge / possible hedge renewal
LULU
+6pt reversal off ~116 morning low
Execution Plan —> holding common
NUGT
System trigger on GLD via NUGT (2X miners) @ 118.25
System Phase I target ~140 | 160
Possible major low off 6 month correction —> today was day 1 reversal
2H chart:
GLD Daily — outside day
Next major breakout confrontation ~405–410
Watch list | Notables
System Insight
Hard to think end of Iran War could be coordinated with SpaceX IPO | start of World Cup — Wall Street is a powerful machine.