Cobra's Market View

Down 1 week the next week has 60% chances to close up.

Undervalued ISE Index PUTS Three times Calls = CONTINUE DOWN

Coronaviral Market Upside Down

https://tinyurl.com/qaq4pbz

From "It is what it is department"Key focus Short term Trend reversal confirmed internals and short term price actions confirm up trend is having a problem and about to end. short term intraday trading time frame it is a little over sold, the different this time is Rips will be sold.
Weekly bearish Harami , need one more down week for confirmation. as you can see on this weekly time frame when RSI(5) >95 market is way over bought it is time for correction but at the same time this is when parabolic occur in the market. If shorting I will pay attention to new ATH that this run is not done. but if no new high, the shorts would be glad that they nailed the top. bottom line it is all about R/R, for now R/R is excellent for bears.Daily bearish reversal bars are all in agreement, sell first ask question later.Rising wedge is depending on how you draw them, the end result is the same. we are now breaking down. the confluence price level should be in the low 3200 area.Short term trend is now down with LL, as you can see last two times it didn't give bears much of a run. well same expectation, more down ahead with the open mind that buyers can just show up and take us to new high again. for now all short term indicators are pointing south. two weeks ago we got the sign of topping process, last week we got sign of fear that it will rise, this week all that confirmed. going into next week I will follow $VIX index or its associates closely, there will be a big fight at $VIX (16). Trade well, Peace!

... instead of putting down coronavirus as the cause of death for an unknown number of Wuhan casualties, China's coroners and hospitals merely ascribe death to "viral pneumonia", case closed.
“There are likely to be many times more cases in Wuhan than officially confirmed”.
via WSJ and other sources
https://www.zerohedge.com/economics/how ... to+zero%29

Price up, yield down
The dividend yield on SPX is a bit too low. It is now 1.76% yield, and that's in the zone where SPX tops are found.
Weekly

From twitter. Geometric progression. Waiting for World Health Organization to adjust the R0 factor. Currently assumed at 1.5 to 2.5 which is higher than regular flue. The kicker is the 5 days you are spreading infection with zero symptoms. Significant chance this is the new Spanish Influenza. World's governments are saying don't panic instead of giving honest advice. Home Depot is sold out of the right particle masks already as are most Amazon vendors. I would bet there will be a run at the paint stores first thing tomorrow.

Coolbizones weekend count. I transferred it to an ES chart. Will post updates as it goes forward, but not daily as this is a 4 hour bar chart.

ABBV Target + 76 %
From 82.76 to 146.02
+ 5.65 % Dividend
Debt To Equity 1,049.45%

Al_Dente wrote:... instead of putting down coronavirus as the cause of death for an unknown number of Wuhan casualties, China's coroners and hospitals merely ascribe death to "viral pneumonia", case closed.
“There are likely to be many times more cases in Wuhan than officially confirmed”.
via WSJ and other sources
https://www.zerohedge.com/economics/how ... to+zero%29

65 M fatalities in 18 months scenario on 18 Oct 2019

https://tinyurl.com/w362u32

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VXG20-VXH20 hits backwardation!
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