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Markets are still waiting on further developments surrounding further ceasefire talks between the US and Iran, which we had cited in yesterday's report.
Major assets are holding on to such hopes, resulting in limited moves so far today:
WTI Crude Oil (Bybit: USOUSD): -0.9%, though paring earlier losses to resurface above $90/bbl
Gold (XAUUSD+): -0.6%, trading around $4800 - resistance at 50-day SMA
Silver (XAGUSD): -0.4%, trading around $79 - holding around a 4-week high and around its 50-day SMA
Bitcoin (BTCUSDT): -0.3% trading just below $74k after failing to secure a daily closing price above $75k again - in a deja vu from the mid-March $75k resistance episode.
As the world watches and waits for the next Iran war headlines to flash across our screens, it's an opportune time to revisit some recent trade setups that have been fulfilled:
1) ETHUSDT tests $2.4k resistance - as expected
"... an improvement in risk appetite could see prices of the world's 2nd biggest crypto re-test the $2.4k mark for resistance once more."
AS EXPECTED: Within hours of that report, the $2.4k resistance level was called into action on multiple 1-hour candlesticks, before ETH prices then faltered back lower.
Ask TradeGPT: How can traders use support and resistance levels?
2) SP500 "sustains upside breakout" - now less than 1% below record high!
(following a few daily sessions where it struggled to secure a daily close above the 6600 psychological levels)
A week later, by Monday, April 13th, not only has the SP500 sustained its breakout, it then went on to erase all its declines since the Iran war erupted on February 28th!
Beyond that, at the time of writing on this Wednesday, April 15 ...
The SP500 is now a mere 0.67% away from its record high of 7017.53 (intraday prices) posted on Jan 28th, 2026!
The SP500's rebound is that much more remarkable when realizing that, despite the ongoing ceasefire, the Iran war has yet to reach a conclusive end.
READ MORE (published Tuesday, April 14): You won't believe what the S&P 500 just did!
3) EURUSD+ hits upside target, despite "death cross"!
Friday, April 10th, we wrote:
The "death cross" looms large for EURUSD+, and appears likely.
Today (Wed, April 15): the 50-day SMA on EURUSD+ actually crossed below its 200-day SMA, officially forming a "death cross"
However, prior to the "death cross", EURUSD+ managed to fulfil the trade setup we wrote last Friday, April 10th:
With both criteria met since our article was published Friday, April 10th:
"positive developments' in US-Iran ceasefire talks ✅
Lower-than-expected US CPI figures (Core CPI came in 10 basis points below economists' forecasts, both for the month-on-month and year-on-year figures) ✅
Such fundamental conditions boosted EURUSD+ up to our 1.1800 upside target, with this psychological price level now exerting resistance (preventing EURUSD+ prices from moving higher) at the time of writing.
QUICK UPDATES: Oh, so close
SO CLOSE: DJ30 index now just 0.5% away from 48,800 upside target set past Monday, April 13
NOT QUITE THERE: JPMorgan Chase & Co. (JPM) stocks fluctuated in Tuesday's (April 14) US pre-market session, getting within 0.6% of both our upside and downside targets cited the day prior (Monday, April 13).
COMING UP: Netflix (NFLX) earnings due after US markets close tomorrow (Thursday, April 16). This stock is forecasted to move 6.5% up/down once its earnings results and outlook have been released.
With Bybit TradFi, you can trade Netflix (practically) 24 hours a day on weekdays - offering you the opportunity to react live to its earnings release.