The author asserts the ceasefire is "BS" and will break down within two weeks ("2 weeks won't last"), leading to renewed geopolitical risk. A breakdown in the ceasefire and renewed conflict in the Middle East would create market fear and volatility, driving down the S&P 500. The author explicitly predicts "Spy back to 650 by Friday next week," indicating a strong bearish outlook for the short term. The ceasefire holds; the market interprets the pause as de-escalation regardless of deal terms; positive momentum outweighs geopolitical news.
SPY
HIGH
Apr 08, 03:55
Key Points
['Ceasefire terms seen as unacceptable', 'Conflict expected to resume in ~2 weeks', 'Predicts SPY ~650 (sharp drop)', 'Geopolitical fear -> market selloff']
April 08, 2026 at 03:55