Economy | Geopolitical
Headlines confirming illusive Iran deal has been signed. Market has bought the rumor for months —> have to see if tomorrow can hold gains
Oil (WTI) — ~80 — within ~1.50 of May lows
QQQ
Closed above Kijun — Tech futures +1.3% —> ~740 next resistance
Daily chart:
SMH
Next resistance ~640+ — top of daily B band
Daily chart:
BTC
Strength on Iran deal — testing Inflection zone ~64–66K
Daily chart:
TSLA
Inverted hammer, strong close
SpaceX President sound bite — “a TSLA tie-up would make Elon’s life easier” —> seed planted for ongoing speculation
—> analyst speculation as well
Heavy resistance ~415–418
Daily chart:
Calendar
Light calendar
Active Position
NKE
System — looking for more Retail strength on Iran deal / oil
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
See NKE comment
Execution Plan —> holding common
NUGT
Friday strength on Iran rumours
Inverted weekly hammer off Kumo bottom test sets up potential regime change
Gold +1.6% Sunday evening — important to see firm gap open
Weekly chart:
System Phase I target ~140 | 160
GLD major breakout confrontation ~405–410
Watch list | Notables
TSLA
System Insight
Want to Active Positions deliver assuming Iran deal holds.
System patience on new entries.