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UPDATE: Trading advice based on Iran's "counter-indicator" continues in real time:
At 4:12 PM Sunday (ET), the Speaker of Iran's Parliament said that the news before market open is a "counter-indicator"; if they "sell off" the market, then "buy in," and "if they pump in, short sell."
By 10:00 PM yesterday (ET), S&P 500 futures had fallen nearly -1% amid growing fears of escalating war.
By 12:00 AM (ET), two hours later, S&P 500 futures reversed all losses and turned green.
Then, at 7:25 AM (ET) today, President Trump posted that "significant progress" is being made in peace negotiations, causing the S&P 500 to rise +100 points from its lowest.
Now, at 3:00 PM ET, just about 7 hours later, the S&P 500 has turned red and dropped -100 points from its peak, once again "reversing" the trend.
That’s nearly $2 trillion in market capitalization volatility for the S&P 500 in less than 24 hours.
There truly is never a dull moment in this market.