#IsraelIranConflict Market Impact:
After Israel’s strike on Iran, the market took a significant hit and crashed. The Israeli defense minister stated that strikes may continue for a few more days, which could add more pressure to the market.
📊 But technically, the market shows a different story:
Prior to this conflict, the market was overbought and needed a correction to cool off.
A swing low has now formed, and momentum has cooled down.
Strength indicators are at their lowest levels.
Bollinger Band volatility is at its peak.
Price action is extended.