The market was once again manipulated by news headlines early in the morning, which is really quite absurd. Things that can't even be settled on the battlefield are expected to be negotiated at the bargaining table, which is inherently unrealistic.

Yesterday, they were talking about failed negotiations, and today they immediately leaked that a second round of talks will be held. This kind of back-and-forth is essentially about setting the rhythm and controlling expectations. Both sides are very firm in their positions, unwilling to make concessions easily, which has led to the current situation.

Today, the market surged due to easing news, but if the second round of talks falls apart in a few days, it could just as easily drop back again. The conflicts between the US and Iran are already numerous, and these kinds of news headlines are just repeated swings to manipulate the market.

More importantly, this kind of market behavior can no longer be explained purely by technical analysis. It’s about who releases what information and when, and the market follows accordingly. Especially like Trump, who can just pick a favorable point and make a statement, causing expectations to spike immediately. The market is very easily driven by emotions.