Creditcane™: It's becoming harder and harder to avoid me.
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Now failing the 61.8% minor retrace (1343.55). New low on daily 3LB (reversal is 1352.46). QE2infinity.
Bullish short day (didn't confirm hammer). Midpoint above EMA(10). Tested and held the 0.0% retrace (83.61). Still above all SMA's. New high on daily 3LB (reversal is 83.38).
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21,89). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.80).
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1600.40). Still failing all SMA's. No daily 3LB changes (reversal is 1634.20). Must have the precious.
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Now failing its 0.0% retrace (1.2272). New low on daily 3LB (reversal is 1.2283).
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (38.86). No daily 3LB changes (reversal is 39.19).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). Still failing its 38.2% minor retrace (86.56). No dally 3LB changes (reversal is 77.69).
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Still failing its 61.8% retrace (46.14). New low on daily 3LB (reversal is 45.19).
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (0.7678). New low on daily 3LB (reversal is 0.7754).
Spinning top day. Midpoint at EMA(10). Tested and held SMA(21). Tested and failed its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (592.47). No daily 3LB changes (reversal is 592.52).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (28.51). New low on daily 3LB (reversal is 27.89).
-no change (below mid)
trend=down
low= 31.93; rev= 45.16; mid= 38.55
-no change (above mid)
trend=no
direction=down (2 bars)
low= 30.16; rev= 34.14; mid= 32.15
IT HAS BEGUN. YOU HAVE BEEN WARNED.
8 comments:
VIX chart looks like it's 'ready to pop'..
ibid.
Those higher lows and higher highs on the VIX are trying to tell us something.
Is that the best JPM can do leading into its earnings release?
Is it me or is Bloomberg bringing on every guest that they can find to talk up JPM? Only one saying there's more to come. They're circling the wagons.
The bulls are still p/o that they couldn't force a higher close yesterday. Hope they didn't use up everything in the first thirty minutes.
You know something's up when EURUSD is flat into the US open then rips from 1.2189 to 1.2256 in seventeen minutes.
http://finviz.com/
re: Equity Indices..
"Ramp me, Amadeus!"
ibid.
Have a Good Weekend, y'all~
Heard they served bear on Wall Street. Hope it doesn't cause indigestion.
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