AmenRa's Corner 12.26.12

"If you don't change direction you'll go over the fiscal cliff.  I'll be waiting so I can get my fill."


Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1413.58). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Spinning top day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Still failing all SMA's. No dally 3LB changes (reversal is 80.25).



VIX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% minor retrace (18.81). New high on daily 3LB (reversal is 17.36).



GOLD
Spinning top day. Midpoint below EMA(10). Still failing its 50.0% retrace (1670.30). Still failing all SMA's. No daily 3LB changes (reversal is 1693.80). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3171).



JNK
Bullish short day. Midpoint below EMA(10). Still above all SMA's. Still failing its 100.0% retrace (40.86). No daily 3LB changes (reversal is 40.97).



10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 16.97).



WTI
Bullish long day. Tested and held SMA(55,144). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (90.65). New high on dally 3LB (reversal is 89.80).



SILVER
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 32.28).



BKX
Doji day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 49.71).



HYG/LQD
Spinning top day. Tested and failed SMA(233). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (0.7678). New low on daily 3LB (reversal is 0.7742).



COPPER
Bullish short day. Midpoint below EMA(10). Tested and held SMA(55). Still failing its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.706).



AAPL
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 509.79).



CCI
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(144,233). Still failing its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 565.89).



USDJPY
Gravestone doji day (works better in a downtrend). Midpoint above EMA(10). Still above all SMA's. holding above its 0.0% retrace (84.720). New high on daily 3LB (reversal is 84.33).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

5 comments:

Matthew said...

Merry Christmas.

AmenRa said...

Yen now below its April 2011 low (retraced over 100%).

AmenRa said...

SPX tested and failed 20EMA(1420.78), 20SMA(1422.03), 50SMA(1412.65), 50EMA(1416.40) and 55SMA(1414.98). Also has a daily 3LB reversal down (below 1413.58). The snowball has begun rolling downhill.

AmenRa said...

WTH was that?!? Another rumor?!? No mas.

AmenRa said...

New.

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