A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Well I took some steam out of that hot air balloon. It still wasn't enough. I have more work to do.
SPXDoji day (not a good completion of a morning star). Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1276.56). QE2infinity.
DXYBearish long day. Midpoint below EMA(10). Failed the 23.6% retrace (78.72). Below all SMA's. New low on daily 3LB (reversal is 79.28).
VIXBullish long day. Midpoint above EMA(10). Tested and passed SMA(55). New high on daily 3LB (reversal is 15.41). Stuck in the "no fear" zone. Currently does not have a monthly 3LB reversal.
GOLDSpinning top day (start of morning star?). Still below SMA(89). Midpoint below EMA(10). 0.0% retrace holding. Well below the 23.6% retrace (1368.14). New low on daily 3LB (reversal is 1385.80). Must have the precious.
EURUSDBullish long day. Midpoint above EMA(10). Passed test of its 50.0% retrace at 1.3506. Now above SMA(89). New high on daily 3LB (reversal is 1.3370). Had a weekly 3LB reversal up.
JNKSpinning top day. Midpoint above EMA(10). Back above SMA(55). Still can't close gap post dividends. No daily 3LB changes (reversal is 40.47).
10YR YIELDBearish short day (not really in an uptrend so no bearish harami). Held above the 14.6% retrace at 33.86. Still above SMA(21). Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36). Holding above upper trend line.
DJ TRANS AVGBearish short day. Still below SMA(21). Midpoint below EMA(10). New low on daily 3LB (reversal is 5212.60). Also had a weekly 3LB reversal down.
CRBBullish short day. Midpoint above EMA(10). Above all SMA's. No test of new 0.0% retrace. No daily 3LB changes (reversal is 323.94).
XLFSpinning top day (confirmed bullish harami…go figure). Midpoint above EMA(10). Still above all SMA's. Held the 14.6% retrace (16.41). No daily 3LB changes (reversal is 16.72).
IQIBullish long day. Midpoint above EMA(10). Back above all SMA(21). Held new 0.0% retrace (11.15). Closed above 23.6% retrace (11.68). No daily 3LB changes (reversal is 12.30). Old guard: Must prove MW wrong!!!!!!!!
7 comments:
how bout that VIX chart, interesting the formation there given what's happened after that type of formation in the past
holy C wave batman, it might finally be here.
all you crazies have a good weekend
Ben, thanks for pointing out the VIX. Its funny, you know its after hours, and a Friday even, when some guy on Options Action just said, live, on the air!, that the market is about to get walloped and GS is going straight to 160.
Have a great weekend everyone!
Oh, my endorsement of returning to school had absolutely nothing to do with the perceived value of said degree but rather a comment on something fun and maybe worhtwhile to do with several years of life.
Go Bears.
ben22
VIX is refusing to have a monthly 3LB reversal. Basically saying that there is fear and people better recognize.
Be afraid. Be very afraid....
They are shitting their pants in Shanghai.
I have a bit of sadness creeping in this weekend....
the last one for Americano Football, for all intents and purposes.
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