War or No War, the markets seem to have hit a short-term top and some sort of correction is a legitimate possibility in the next couple of weeks/months. I’m looking for an Approx. 5% correction on the S&P 500 from the current levels. That coupled with Oil going linear, you can expect some fireworks and more economic data manipulation as a result.
Note: The Volatility in the markets will be high, especially if a Limited Military Strike turns into a War Campaign/Occupation. Avoid commodities if possible.
Here is a daily chart of the S&P E-Mini Futures:
Price Target: 1560
Crude Oil Daily Chart:
Price Target: $130
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