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Creditcane™: Sovereign downgrades are one of my specialities.
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Hanging man day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 61.8% retrace (1286.32). No daily 3LB changes (reversal is 1281.06). QE2infinity. Confirmed the weekly 3LB reversal up.
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Bullish long day. Midpoint above EMA(10). Tested and held the 0.0% retrace (81.38). Still above all SMA's. New high on daily 3LB (reversal is 80.94).
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Inverted hammer day (which ironically confirmed the inverted hammer). Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 23.52).
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Bearish long day. Midpoint above EMA(10). Failing its 50.0% retrace (1655.20). Holding above SMA(21). No daily 3LB changes (reversal is 1620.10). Still above monthly 3LB mid. Must have the precious.
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Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (1.2777). New low on daily 3LB (reversal is 1.2792).
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Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.94).
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Bearish long day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).
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Spinning top day. Tested and failed SMA(21). Midpoint below EMA(10). Failing its 61.8% retrace (101.94). New low on dally 3LB (reversal is 103.22). Not confirming the monthly 3LB reversal down.
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Bearish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (29.76). Daily 3LB reversal down (reversal is 30.12).
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Hanging man day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (41.37). No daily 3LB changes (reversal is 42.08). Had a weekly 3LB reversal up.
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Bearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). New low on daily 3LB (reversal is 0.7908).
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Doji day. Midpoint above EMA(10). Holding above SMA(89). Tested and failed its 38.2% retrace (3.684). No daily 3LB changes (reversal is 3.267).
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Spinning top day. Midpoint below EMA(10). Failing its 50.0% retrace (1.2233). Tested and failed SMA(21). No daily 3LB changes (reversal is 1.1957).
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IT HAS BEGUN. YOU HAVE BEEN WARNED.