Cobra's Market View

zooming out, looks like a classic back test failure of the ascending triangle - will need to below 3030 to confirm pattern.

0.90 edit % $TNX ATL

1/0.0092

=> 111 Equity PE

= UP UP and Away

111/23.03 = 4.82 edit

https://www.multpl.com/s-p-500-pe-ratio

Chart for the road: Bulls about to fail, looks like a bull flag is about to fail. they need to head back sooner the better.Trade well, Peace!

QQQ Target + 76 %
From 211.22 edit to 370.8
+ 0.75 % Dividend Yield

Only 50% chances of double bottom here for now.

100 % Odds of (Another) FOMC Rate Cut
On 18 Mar 2020
https://www.cmegroup.com/trading/intere ... -fomc.html

Yesterday, according to Bloomberg, JPMorgan asked thousands of US-based employees to work from home in test of "virus contingency plan" for closing domestic offices should the coronavirus spread. As part of the test, managers requested that about 10% of staff across its consumer bank work remotely as part of the plan’s resiliency testing... that means that over 12,000 workers will be working from home for the foreseeable future.

Today, JPMorgan escalated their resiliency plan by sending some of its New York and London sales and trading staff to backup locations in response to the coronavirus.
“We are starting to shift people as a precautionary measure at this stage,” the bank said Thursday in a memo to staff.
“Dividing our workforce into different locations improves our ability to serve clients continuously while reducing the health risks associated with physical contact should a case arise.” [Reuters]

BullBear52x wrote:Chart for the road: Bulls about to fail, looks like a bull flag is about to fail. they need to head back sooner the better.Trade well, Peace!

Good call

Welp, there it is, ascending triangle, broke down, back tested, failed the back test, and flush goes the toilet!

JPM Target + 108 %
From 113.62 to 236.51
+ 3.17 % Dividend

197 % Debt/Equity

CNN Extreme Fear 9 Sentiment
Testing Lows

Many times sentiment hits extremes
AFTER Price extremes

Many hacking, puking and throwing in the market proverbial towel

Especially tranny related

RCL
65.1
Royal Caribbean Cruises Ltd
-13.48(-17.15%)
NCLH
28.095
Norwegian Cruise Line Holdings Ltd
-4.9(-14.86%)
CCL
27.945
Carnival Corp
-4.51(-13.91%)
ALK
43.905
Alaska Air Group Inc
-5.78(-11.64%)
AAL
16.415
American Airlines Group Inc
-2.12(-11.41%)

CBOE Target + 71 %
From 115.709 to 197.45
+ 1.2 % Dividend

46 % Margins

HIMSS health conference canceled because of coronavirus

Sell-off intensifies, Dow tanks 1,000 points

Market trough of despair ?

BULLYA

WE ARE ALL GOING TO DIE (eventually)

NEM Target + 82 %
From 50.425 to 91.64
+ 1.08 % Dividend

47 % Margins

New high

Doesn't Lie

QED wrote:WE ARE ALL GOING TO DIE (eventually)

MrMiyagi
@MrMiyagann
·
59m
$NYMO lower today, down to -67 and touched about -77 at the lowest point. #NYSE close to 90% down day yet again, $VIX up 17.5% to the session's high 37.60. $SPY $QQQ rose into #European market close, gave back most of that, no bottom retest yet

https://stockcharts.com/public/1684859/ ... /585389789

Attachment is removed to protect the interests of whistle blower
https://twitter.com/Harapa99/status/123 ... 12/photo/1

Ascending triangle continuation trade to the downside is proceeding as planned pretty nicely... that back-test was so precise!

Should take us down to 2800 when this down-leg is done

Aggressive sectors:
SPX, QQQ, and XLV are still on higher lows
others are not
60min, one month