Cobra's Market View

Down 3 weeks in a row, the next week has 56% chances to close up.

"It is what it is department" Market is bearish and oversold. translation: expecting a dead cat bounce and rip will be sold. market is down >5% since the ATH. a correction of 7-10% is to be expected, what will be a better time to correct than this time when sky is falling. Weekly EIS bars are still point down. A daily EIS bars are still in the RED, rule of thumb, no change in color back to blue or green there is no chance of a trend change. simple. Swing setup: Last sell was a success with new LL, rip will be sold. Intraday: bearish, negative price action on Friday, same playbook for me here, let the Fibbo leads. keep it simple. how oversold are we? on the daily chart we are outside of BB and Keltner channels (2 Std), short term early bird is expecting a dead cat bounce. Early bird gets the worms they said. trade well, Peace!

BullBear52x wrote: ↑Sat Mar 14, 2026 1:38 pm In stock trading, early entry is wrong.
Being right and lose money is wrong.
Risk management is right.
know the turn with risk management (stop) always. a note to self.

THANK YOU, Cobra, BB52x, and the Board.
Long-time readers might remember this piece on Position Sizing and Risk Management by Cobra himself.
https://cobrasmarketview.blogspot.com/2 ... trade.html
Never risk more than 2% of your total capital for each trade.
NEVER EVER AVERAGE DOWN.

Cobra's charts have been quite good.
Chart 0.1.0 SPY Daily seems relevant and useful right now.
https://stockcharts.com/public/1684859
Thanks again, Cobra.