Here's my plan for now.

There are both positive and negative news that can greatly affect my plan, so take it with a grain of salt and use it mostly as food for thought.

War News:

- US involvement, check ✅️

- Bomb nuclear facilities, check ✅️

- Close Hormuz strait, almost a check ☑️

- Hit on US bases, not priced-in, could happen (negative 👎)

- War escalation, not priced-in, could happen (negative 👎)

- Iran leadership capitulation or regime change, not priced-in, could happen (positive 👍)

Macro news:

- 2x FED members open to change of monetary policy and/or rate cuts. Nothing official yet, just comments.

- One BBB Act likely to pass. It includes spending and tax cuts.

TA/Charts:

- Weekly closed below previous Weekly Close ATH (bearish 🐻)

- Daily closed confirming a lower-low in daily structure (bearish 🐻)

- LTF; 98-100 local support. 102.7 local resistance. Below 98 -> 93s-95s. Above 102.7 -> Short Squeeze towards 104.7-106.5

Plan:

- For now, slowly build some spot positions around the lows. Sell the bearish retest at 104.7-106.5.

- If situation is still shitty then expect new lows (93-95), buy them and sell into the next short Squeeze. Repeat until end of summer. It will look something like that; 98->105, 93->101, then a slow reversal.

- If situation resolves positively, then 102.8 should become our new support for a time-based bottom. Once the time-based bottom is in, we'll move towards 112k+

Hope this helps you build some kind of Thesis and Perspective. 🙏