Trump says the US-Iran cease fire is over.

As we’ve said from the start, Iran will do everything in its power to thwart Trump’s midterm ambitions – which means the conflict will continue until at least October. This is merely the latest chapter.

The algos were busy, reversing VIX at its SMA200 which allowed futures to recover more than half of their premarket losses.

Oil pulled a similar move, getting hammered by TPTB at its SMA200.

If the manipulators can continue manipulating so well, this will be a minor blip. But, Trump is now talking about hitting Iran “hard again tonight.” So we’ll see if volatility can continue to be contained.

Stay tuned.