@moneyballaustin: Stock Market Overbought With No Iran-US deal? A lot of investors (myself included) came into this week expecting a sell-off after no deal was reached on Saturday. Instead, the market did the exact opposite, catching many people off guard. Here's the context behind that bias: - No deal was reached on Saturday. - The Fed remains hawkish - Economic data hasn't been great Despite all that, no official deal has been announced. On top of that, Trump closed the Strait of Hormuz, and the market has still rallied over 10% in just two weeks, with 10 out of the last 11 days closing bullish. No wonder investors are confused. #stockmarket #stocks #swingtrading #technicalanalysis #stocknews