That's progress.
If you can angle your phone's camera in to get a pic or two, that would help. Brake/clutch fluid is usually amber. In the old days you could get blue, not anymore. Transmission fluid can be red. Grease can also be red. Peeking through a tiny hole to try and figure out why your clutch is slipping is a tough way to diagnose the problem. Pulling the transmission on a Cobra is not the end of the world; it's really an afternoon's work. Unless somebody comes up with a brilliant observation, that's probably what you're looking at.
