Cobra's Market View

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Testing the previous low, double bottom or not, wait and see. My guess is it'd a range bounded by blue lines.

It's a morning hourly hollow red

New swing low, it is bearish bias,

Fearful market, $VIX is still pumping.

/ES 6600 round number, if can't hold here we are 100 more points down.

2000 tick bars went from 60 seconds to 20 seconds when this drop to 6,600 got going. I swithced to ticker tape speed instead of equal bar spacing to make it clear. Doesn't seem to be much interest in going up. Bears have to be fearful if they go to far the White House will stir up the market again. Also the Treasury funding ends today I think.

Trump speaking to the press for the last 10 minutes.

Testing day low, 50% chances of double bottom here. Need 2 consecutive strong bull bars for better chances.

SPY 5 minutes.

Gap down.

Failed to fill.

Looking for support and a bottom.

My guess

Diversified portfolio view.

All fall down.

The old concept, stocks down bonds up, is no more.

Same with stocks down, gold up.

Where to place the money?

Energy ETF. Best to be a daytrader.

Touch the blue line below again then breakdown would be more likely.

Something should happen soon.

JFR wrote: ↑Thu Mar 26, 2026 11:44 am Diversified portfolio view.

All fall down.

The old concept, stocks down bonds up, is no more.

Same with stocks down, gold up.


Screenshot_20260326_083452.jpg

Where to place the money?

Energy ETF. Best to be a daytrader.


XLE.png

best in the class today.

What a day. Now Lagarde is speaking. Can't they all just work and stay away from microphones!

Back to the red EIS bar, bearish consolidation is to continue to the next downside level. Bulls need a miracle from here. sell first ask question later. Peace!

Looking like that prior chunk of volume is providing some support. If bulls don't turn this soon there really isn't much below. As the prognosticators all said after the Monday tweet, the market was ready for a big drop. Not expecting a black Friday but a grey Friday seems possible right now.

Danger.

Ultra key support level challenged at 650 environs.

Environs 600 below would take us back to last year.

Scary? Nah. Whatever. Look for bargains, and ride with the elephants. (Kevin Haggerty says you can always hear the elephants running.)