Creditcane™: This exit is too crowded. You'll need to find another one. Rapido.
Bearish short day. Midpoint above EMA(10). Holding above SMA(21). Holding above the 38.2% minor retrace (1372.42). Failing the lower trend line (10/4-11/28). No daily 3LB changes (reversal is 1419.04). QE2infinity.
Doji day. Midpoint above EMA(10). Failing the 61.8% minor retrace (79.60). Tested and held SMA(144). No daily 3LB changes (reversal is 80.08). Still below weekly 3LB mid.
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55). Failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.39).
Bearish long day. Midpoint below EMA(10). Failing its 50.0% retrace (1661.00). Tested and failed SMA(21). No daily 3LB changes (reversal is 1706.50). Back below its monthly 3LB mid. Must have the precious.
Doji day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 50.0% minor retrace (1.3142). No daily 3LB changes (reversal is 1.3465).
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
Doji day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 19.74).
Bearish long day. Tested and failed SMA(21,89). Midpoint below EMA(10). Tested and failed its 61.8% retrace (103.42). No dally 3LB changes (reversal is 101.46). Not confirming the monthly 3LB reversal down.
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (29.92). New low on daily 3LB (reversal is 31.12).
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).
Bearish short day. Tested and failed SMA(89). Midpoint above EMA(10). Holding above its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Failing its 50.0% retrace (3.846). Daily 3LB reversal down (reversal is 3.843).
Bearish short day. Holding above SMA(55). Midpoint below EMA(10). Holding above its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 560.28).
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (16.39). No daily 3LB changes (reversal is 16.94).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
9 comments:
tomorrow should be fun Ra, VIX is real interesting as I'm taking a look at that tonight.
b22
Futures are treading water. With economic data on both ends of the spectrum I have no idea how the market will react to NFP.
BTW who in their right mind would want to be long over the weekend with the chance that Hollande beats Sarkozy in the French election? If that happens then you can kiss Spain goodbye.
http://www.bloomberg.com/news/2012-05-04/norway-dumps-ireland-portugal-bonds-amid-euro-challenges-1-.html
Norway Dumps Ireland, Portugal Bonds on Euro Crisis Concern
...I don't think the starting pitcher has even taken his warm up tosses...
NFP 115k, previous 154k, consensus 165k miss
Private 130k, previous 166k, consensus 178k miss
U3 8.1%, previous 8.2%
U6 14.5%, previous 14.5%
B/D +206k
Participation Rate 63.6%, previous 63.8%
Temp 21.1k, previous -9.4k
Wkly Hrs (Non Sup) 33.8, previous 33.8
Not in Labor Force 88419 (+522k)
Let the games begin...
good thing apple reported those awesome earnings last week...
like earnings matter.
SPX blew through the weekly 3LB mid and is teetering above the weekly 3LB reversal. It's only 11:42am EST. There's plenty of time. Plus France and Greece have elections and there is a "supermoon" this weekend. The rush to the exits has yet to begin.
"like earnings matter"
lol, how dare you!
they've built entire television programs around such claims
Phase one - weekly 3LB reversal down - complete.
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