Cobra's Market View

This is a "Maybe" chart. Odds of this actually occurring are not very high as the risk of US-based closures/lockdowns remains likely - imagine if Disneyland is shut down, or Times Square or Vegas Strip & Casinos? The blow to Americans' psyche would be so incredibly devastating since th...

Cobra wrote:Not good, possible lower high trend reversal.

Washington State coronavirus cases up to 18 with 6 deaths now (possibly 7). These are the old folks from the nursing home.

BullBear52x wrote:Text book Hook action, can not lose now even if it trades back down, risk management is in full force.

That chart is too technical for me.

Al_Dente wrote:HAPPY HOUR

WE'RE ALL GONNA DIE FROM CORONAVIRUS!!!!!!

NYMO hit -83 at the day's low, bullish percent of SPX stocks now down to 58% with 50% usually a support zone unless we all die from CoVID-19 in the next three weeks.

Fieldydwb wrote:more people die from the flu? Not relevant.

More people die from auto accidents every day. So if we are all quarantined indoors, COVID will save lives.

Wee bit of a bounce here amigos? Sell a kidney?

Heck wrote:From COVID19 Complacency to Concern to Capitulation ?

QEnotQE FOREVER!!! ALL OVER THE PLANET!!

Doubt we get more than a 5%-7% pullback till I'm in a geezer home.

Trades with cats wrote:Does the Market make the News? Is this just the excuse for what we all saw as possible in the charts?

Media loves to make people shit themselves - fear and sex sell.

WHO is being cautionary, Chinese authorities very much so as well. In two months no one will be talking about this.

Last chances for bulls to make double bottom here. Should be another leg down anyway (maybe a higher low though) even it is a double bottom here. French Health Minister reported two cases of corona beer virus, one in Bordeaux, the other near Paris. Everyone is panicking over something that almost a...

Total number of confirmed cases now 939+, 26 dead. China restricts travel for 46+ million people across 16 cities as the death toll surges. Two deaths have been reported outside Wuhan. Some residents displaying symptoms are being turned away from hospitals. Hospitals in Wuhan make urgent pleas for ...

No Fed purchase till Thursday when a $2.45B injection will be made into markets.

That was quickly followed by:

**TRUMP AIDE SAYS PROGRESS BEING MADE ON PHASE ONE CHINA TEXT - FBN

and then

**WHITE HOUSE DEPUTY PRESS SECRETARY JUDD DEERE SAYS NEGOTIATIONS CONTINUING, PROGRESS BEING MADE ON TEXT OF PHASE-ONE AGREEMENT - FOX BUSINESS REPORTER TWEET