Cobra's Market View

Down 4 weeks in a row, the next week has 70% chances to close up with profit factor 6.9 which is very good.

Thank you, Cobra and the Board.
It's only Friday afternoon, and it looks like Cobra's Weekend Update will prove to be right again.
After-Hours SPY up.
Trump said US considering winding down war in Iran but other nations must guard Hormuz.

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

" It is what it is department" Where are we now? this is it, the end as we know it.

Nothing to be bullish short term, the question is " Is there a blood on the street yet?" Capitulation? dead on 200 MA with a high spike in volume. more time than not, there will be good dead cat bounce from here. Daily trend following is bearish, rip will be sold. Swing setup is selling, rip will be sold. Intraday: this is where everything starts, swing low continues, negative price action on Friday, so, it is what it is until I see some changes at the lower time frame before I can say it's time to reverse the course. keep it simple, know your time frame of a trade. trade well, Peace!

SPY daily.

All the indicators are down.

EMAs 20 50..

MACD Sto.

Huge bear candles, marubozus.

Pushing the lower Bollinger Band.

Gaps.

It just crossed beneath the EMA 200 on huge volume.

It ain't good.

''The ides of March'' -- Shakespeare.