...can prevent market melt ups based on phony EU solidarity.
Creditcane™: Do you really think I'm not in France or Greece?
Doji day. Midpoint below EMA(10). Failing SMA(21,55). Tested and failed 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.
Bearish short day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (79.60). Tested and held SMA(89). No daily 3LB changes (reversal is 80.08). Still below weekly 3LB mid.
Bearish short day. Midpoint above EMA(10). Holding above SMA(89). Tested and held its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 20.39).
Bearish short day. Midpoint below EMA(10). Failing its 50.0% retrace (1661.00). Failing SMA(21). No daily 3LB changes (reversal is 1706.50). Still below its monthly 3LB mid. Must have the precious.
Doji day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% minor retrace (1.3057). No daily 3LB changes (reversal is 1.3465).
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.33).
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (18.96). New low on daily 3LB (reversal is 19.33).
Doji day. Tested and failed SMA(233). Midpoint below EMA(10). Failing its 50.0% retrace (99.04). New low on dally 3LB (reversal is 106.16). Still below the monthly 3LB mid.
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (29.92). No daily 3LB changes (reversal is 31.12).
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(55). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).
Spinning top day. Tested and held SMA(21,144). Midpoint below EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7676).
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Failing its 50.0% retrace (3.846). No daily 3LB changes (reversal is 3.843).
Bullish short day. Failing SMA(55). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 560.28).
Bullish thrusting day. Midpoint below EMA(10). Tested and held SMA(233). Tested and held its 50.0% minor retrace (0.8011). No daily 3LB changes (reversal is 0.8417).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
14 comments:
Futures keep moving lower. Reality must be setting in.
Back from Findlay, OH last night at 10pm. whirl wind trip.
Energy = bad.
"...can prevent market melt ups based on phony EU solidarity..."
no kidding.
ibid.
Gold getting sold. Margin calls anyone?
SPX test of Apr lows coming into play. 2B quickly followed by test of the Mar lows.
EURUSD failing to hold 1.3000.
1338-1340 on the S&P500....
coming right up.
Andy T
They are trying to hold the imaginary line at 1350.
Say what you want but someone brought the EURUSD back above 1.3000. Hardy har har.
The SPX Apr low seems to be resistance (for now) so will it take the the imaginary line at 1350 at test the Mar lows? 2hrs and counting...
That move down this morning went longer than the bulls wanted it too. They needed an hour to regroup and plan the bear hunting spree.
amazing how when the markets are into any kind of support and things are looking bad....
market bounces back.
5-Year Treasury 0.77 -0.02 -2.53%
10-Year Treasury 1.85 -0.03 -1.60%
30-Year Treasury 3.03 -0.03 -0.98%
http://finviz.com/
hey, what happened to that 'Yield Spike' (that was going to be driven through our /hearts/.."?
AAIP
AAIP
Can't get a yield spike until after traders quit running from EU debt and focus on US debt.
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