Most people are getting whipsawed in this market right now. This morning SPY opened lower. Then it bounced, even went positive for a stretch. Most

Iran is not the cause of this weakness. Iran is the snowflake that caused the avalanche. Look at the consolidation that was happening at the

This morning's bounce was already on the map. SPY has been trading inside a descending channel since the start of March. Two parallel lines sloping

This morning was a Jameson Jump. That is what I call it when the market makes a dramatic leap that looks like a recovery but

I said it this morning at 8 AM. This is worse than I thought. Not because of the headlines. Not because of Iran or the

This Is the Easiest Chart of the Year. I mean that. Look at what SPY is doing right now. It is moving inside a clean