SPX S&P 500 1-Minute Chart; King Donnie's Greenland Temper Tantrum Sinks Stocks

The chart shows the impact of King Donnie's Greenland temper tantrum on the US stock market. Don't panic, don't panic! The low, thus far, is 6833 so the drop after the opening bell is from 6940 to 6833 or 107 points. Don't you love the smell of napalm in the morning? Bring in the airships, boys. Another day at the office. You know, someday this stock market is going to end.

The buy the dip crowd rushes in to save the day, tripping over each other afraid of missing out on an entry point since everyone believes that stocks go up forever. Price bounces sideways through the blue channel so bulls will recover above 6870 while the stock market will likely fall apart if the 6833-6840 gives way again.

Way to go Donnie. The orange head is headed to Switzerland for a winter vacation in the Alps with the wealthy people he idolizes, while Americans cannot afford to live or eat. Let them eat cake. Don't forget to tune in to future episodes of the King Donnie reality television show; next up this week is Donnie Does Davos.

The US cable news is still talking about that Minnesota shooting. That idiot Karen chick, that was Renee, should have shut the SUV off and walked away like the 1960's hit pop song, and she would still be kickin'. Walk Away Renee. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 1:54 PM EST: The SPX LOD is 6803. XLF 53.19 falling all day long (banksters). VIX above 20 to 20.75 (volatility). UTIL 1085.

Note Added 2:23 PM EST: King Donnie is flapping his orange gums and stocks drift lower to a new LOD at 6802. Will the S&P 500 break 68 hundo? Donnie continues talking telling everyone he is the greatest thing since sliced bread.

Note Added 2:32 PM EST: SPX drops to 6796 a 67-handle. Whoopsies, daisies.

Note Added 5:25 PM EST: The SPX pukes 143 points, -2.1%, to 6796.86 with the LOD at 6789.05. The 50-day MA at 6830 was support, until it gave way, and now it becomes resistance. Price will want to come up for a back kiss of the 50 since it is an important moving average. The Dow collapses 871 points. 

Note Added 1/21/26 at 3:50 AM EST: The back test up to the 50-day MA at 6830 from 6797 is 33 points. S&P futures are up +29 so it looks like the back kiss is on tap. Price may dance around 6830, give or take, and then it will have to make a bounce or die decision. The 20-week MA support is at 6769 and a drop through here leads to bad things going forward. The 100-day MA is at 6745 and this is where a lot of bounces tend to occur. If the 100-day gives way, that will lead to ugly things. Markets are waiting for Trumpski to speak at 8:30 AM EST at the 'Donnie Does Davos' reality television show. That is 1:30 PM Davos local time so traders and investors drink coffee waiting for the orange head to appear in 4-1/2 hours and for the baby rhetoric to begin.