S&P 500 rallied after the released of July's cpi report came in better than estimates. Mr market believes that fed may be less hawish with the rate hike in sep. Looking at the 30mins and 1 hr chart , rsi and macd already showing signs of over bought. Seems like the rally has become exhausted. On the contrary, vix came down from all time high in may/june... as much as vix is showing signs of a bull come back, charts are showing that it is over extended.Will there be a pull back? Is it time to enter a bear call spread? Feel free to comment in the comment section below :)

S&P 500 has reached its 200 day moving average, up almost 14% in July, in the backdrop of stronger than expected results from retail sector like Walmart, Target and home deport. Although earnings came in better than expected, there are still growing concerns over inventory. Whats due wednesday? The U.S. retail sales data and also fomc minutes from its July policy meeting. Let's see what happens to the market tonight. Will S&P breaks up above its 200 MA? Feel free to comment:) 

S&P was up almost 18% from the bottom in Jun22 but still down 11 % from all time high in Dec 21. Looking at the market psychology chart, we must remind oursleves, at tops market euphoria and greed ignores poor fundamentals, and then at bottoms markets ignores improving fundamentals because of pessimism and fear. With strong emplyment growth, cpi cooling yoy, pce unknow, high interest rates, oil price coming down. The indicators just doesn't seem to add up.. it could just be a dead cat vounce after all.. Which stage do u think we are at now? A Denial? Bull trap? Feel free to comment :)