http://Greeks.Live Community Daily Digest Published: 2025-06-19 Overall Market Sentiment The group shows a bearish short-term outlook following Powell's FOMC announcement, with traders positioning for further downside through July puts while maintaining positive delta for Q4. Key focus remains on the 105k base formation and Middle East tensions as primary market drivers, with general consensus that Trump's upcoming Fed changes won't provide immediate rate cuts. FOMC Impact & Geopolitical Risk Strategy • Traders are running negative delta for July positions while planning to add positive deltas for Q4, expecting the current bearish wave to conclude around 105k base • Middle East escalation is viewed as the primary near-term market driver, with some positioning long puts ahead of potential US involvement and Iran tensions • Powell's term ending May 26 means no immediate rate relief for Trump, leading to expectations that current unchanged rates will persist longer than markets initially hoped