Cobra's Market View

is spx going straight back to retest 3608-3610?

SPX hourly chart seems neutral to me, certainly has room for down movement. but 15min chart looks kinda... bullish?! with quite some room for going north... am I being crazy or dumb?

BullBear52x wrote:Sell day for me, two days of negative day during cash hour but overnight is telling different story. I will sell into this rally.

may grind up by inches, but sell day for me too

BullBear52x wrote:5 min. entering buy the dip zone, see the reaction here how good of a support is. I am on the evil side so I don't buy here.

I'm hoping to enter at the next RSI low on spx hourly chart

Yield and main index will close the gap at some point, which one will move more to center is the question? High interest rate in the making for small correction in the index or big correction on index with small rise on interest. it will comes so, I don't see how the index will trade high from here...

BullBear52x wrote:Summation index don't see a bottom yet.

I also think we haven't bottomed yet, but did summation index pick out the bottom of July correction? I'm still learning about this index... Hope we retest the zone 3330 and just be done with this correction.