The Ceasefire Candle

ES ripped 275 points off Tuesday's low. Oil crashed 15%. The 20% scenario hit.

ES at 6,819. Up 212 points from Friday’s close. The 2-week Iran ceasefire landed 90 minutes before the deadline. The Strait of Hormuz is opening. The market didn’t wait to ask questions.

Sunday’s plan mapped three scenarios. The 20% long shot hit. The levels caught Tuesday’s low. The put unwind drove the rest. Use it forward.

The Lie moves to 0 (NEUTRAL).…