Is This Market Rally a Setup for a Trap?

A peace deal was announced an hour before market close and everything exploded higher. Crude oil dropped 3.25 percent. The NQ ripped nearly 3 percent. Tim Knight has seen this exact sequence before and calls it a bull trap. The market keeps falling for peace deal announcements that never produce a signing ceremony. This one is no different until it is. Tomorrow SpaceX opens and Tim Knight requested his allocation. He expects the first hour after SPCX starts trading to be unchecked pandemonium. He closed his TLT puts because the chart was a mess and took profits on his Meta short. But he is still short everything else and watching the broken trend lines on SMH and NQ as the key resistance levels to watch into Friday. Oracle collapsed 9 percent after earnings. Space proxies are ripping: Rocket Lab up 8.5 percent, Planet Labs up 10 percent, LUNR up 15 percent. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Peace deal sends market flying: bull trap or real? 1:00 44 minutes left in a world without SPCX 2:00 Crude oil drops 3.25 percent on peace news 3:00 The market keeps falling for this same trick 4:00 NQ pushing against broken trend line resistance 5:00 Closed TLT puts: chart was a mess 6:00 Oracle down 9 percent after earnings roller coaster 7:00 Took profits on Meta short 7:30 Precious metals: GDX rallying into bull trap resistance 8:30 HRB and Spotify holding short even in the rally 9:00 Space proxies ripping into SpaceX eve 10:00 SMH broken trend line: the sweet shorting setup 11:00 Tomorrow: SpaceX opens late, first hour is pandemonium #TimKnight #SpaceXIPO #BullTrap #PeaceDeal #tastylive #TradingCharts #ShortSelling #SPCX tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.