The Supercycle Score falls to 3/100, "Ludicrous Headwind", down from 8 Friday and the first time this five-week run has dropped out of the Strong Headwind band, as the dollar surges to 97.2% of its 52-week range, a fresh high for the run.

Crude oil rocketed +8.36% Monday after the US and Iran traded fresh military strikes near the Strait of Hormuz, the chokepoint for roughly a fifth of the world's daily oil and LNG supply.

Gold and silver took the other side of the same trade, down 2.62% and down 3.32%, as safe-haven flows ran to the dollar instead of metals; gold's CCI posture flipped hard to red at 23.

The Nasdaq flipped from green to red (down 1.90%, posture 29) while the S&P held up better (down 0.77%, still yellow at 73); corn, soybeans, and copper were the board's lone green holdouts.

June CPI lands this morning, 8:30 a.m. ET, a second live catalyst stacked directly on top of the Iran story, with the dollar already stretched to a fresh high walking in.