Creditcane™: The bears feasted yesterday. They may have eaten too much.
SPX
Doji day. Midpoint below EMA(10). Tested and failed SMA(21). Failing the 0.0% retrace (1419.15). Failing the lower trend line. No daily 3LB changes (reversal is 1392.78). QE2infinity.
DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 50.0% minor retrace (79.96). Now above all SMA's. New high on daily 3LB (reversal is 78.98).
VIX
Bearish short day. Midpoint above EMA(10). Failing SMA(55). Holding above its 100.0% retrace (14.27). New high on daily 3LB (reversal is 14.47).
GOLD
Bullish harami day. Midpoint below EMA(10). Failing its 50.0% retrace (1661.00). Still failing all SMA's. No daily 3LB changes (reversal is 1706.50). Still below monthly 3LB mid. Must have the precious.
EURUSD
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and held its 38.2% minor retrace (1.3057). No daily 3LB changes (reversal is 1.3465).
JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Failing its 38.2% minor retrace (39.62). New low on daily 3LB (reversal is 39.66).
10YR YIELD
Doji day. Tested and failed SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (22.11). No daily 3LB (reversal is 22.98).
WTI
Bullish short day. Tested and held SMA(89). Midpoint below EMA(10). Tested and held its 61.8% retrace (102.98). No dally 3LB changes (reversal is 108.37). Not confirming the monthly 3LB reversal down.
SILVER
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (32.01). No daily 3LB changes (reversal is 33.26).
BKX
Doji day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% minor retrace (49.10). New low on daily 3LB (reversal is 50.26).
HYG/LQD
Doji day. Tested and failed SMA(55,89). Midpoint below EMA(10). HTested and held its 38.2% retrace (0.7808). New low on daily 3LB (reversal is 0.7953).
EEM
Bullish short day (long hair). Midpoint below EMA(10). Tested and failed SMA(21,55). Tested and failed its 61.8% retrace (43.48). No daily 3LB changes (reversal is 44.75).
AAPL
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 0.0% retrace (632.21). New high on daily 3LB (reversal is 614.48).
IT HAS BEGUN. YOU HAVE BEEN WARNED.