ETF SWING & DAY TRADING

[shortterm]

Possible shadow over the markets

Just heard on the news, UN security council has given 30 days for Iran to stop enrichment operations. This could server as an excuse for oil to rally and markets to fall. But only if they are so minded.

A lot will depend what type of reactions Iran gives. So far they have been quite willing to pick a fight.

And no, don't take it as a reason to short the market, just keep it in mind if it develops into something.

At this point, with the narrowing ranges, anything can act as a reason to break one way or another. And despite what anyone says, it is not clear until it happens.

Cash is a good position....