AmenRa's Corner 7.5.12

Creditcane™: Let me show you what happens when you place too much hope in Fed stimulus.

SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 38.2% minor retrace (1372.42). No daily 3LB changes (reversal is 1357.98). QE2infinity.

GOLD
Spinning top day. Midpoint above EMA(10). Tested and held its 61.8% retrace (1600.40). Tested and held SMA(55). No daily 3LB changes (reversal is 1634.20). Must have the precious.

EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 38.2% minor retrace (1.2710). Daily 3LB reversal down (reversal is 1.2668).

10YR YIELD
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Holding above its 0.0% retrace (14.71). No daily 3LB changes (reversal is 17.65).

WTI
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (86.56). New high on dally 3LB (reversal is 77.69).

SILVER
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 100.0% retrace (26.66). No daily 3LB changes (reversal is 26.29).

BKX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(89). Tested and failed its 61.8% retrace (46.14). No daily 3LB changes (reversal is 45.41).

HYG/LQD
Bearish short day. Tested and held SMA(55). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7651).

COPPER
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 61.8% minor retrace (3.430). No daily 3LB changes (reversal is 3.305).

CRB
Doji day. Midpoint above EMA(10). Holding above SMA(55). Tested and failed its 0.0% retrace (294.78). New high on daily 3LB (reversal is 284.19).

EURCHF
Bullish long day (after opening was lower). Midpoint below EMA(10). Failing its 50.0% retrace (1.2233). Tested and failed SMA(21,55). Tested and held peg (1.2000). No daily 3LB changes (reversal is 1.1910).

IT HAS BEGUN. YOU HAVE BEEN WARNED.