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The market is still holding onto the "cooling-off fantasy" regarding the Middle East situation, but Iran's two tough stances have completely torn apart the illusion of peace.
All the sideways consolidation is the last chance for bulls to exit; once the conflict further intensifies, the subsequent crash will be even more brutal and faster than everyone expects.
Being firmly bearish is not gambling; it is a respect for the news, a reverence for risk, and a precise grasp of the trend.
The bearish feast has just begun.
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