I've traded these markets before,it should gap down the first hour,trade down all day,get hammered at the close. People don't want to hold over the weekend with this news.
Today could end with a major washout. I'd like to see the overnight low taken out...
This was a majorly bearish event. Yet it did not take out all of Thursdays gains. Baring further escalation over the weekend, trade accordingly.
Markets likely to remain volatile amid expectations for intensifying Middle East conflict
Stock market investors shouldn’t panic, but intensifying U.S.-Iran tensions bring home the potential for geopolitical turmoil to make for more volatile price action in 2020 after a blockbuster 2019 rally, investors, analysts and economists said.
"Oil prices jumped Friday, while investors dumped equities and piled into haven assets like gold and Treasurys in a knee-jerk reaction to a U.S. airstrike in Baghdad that killed a top Iranian military commander. Tehran vowed to retaliate — and most observers expect them to follow through."