
Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPXSpinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Holding above the 38.2% minor retrace (1627.88). No daily 3LB changes (reversal is 1649.60). QE2infinity. Tested and held trend line and RSI(14) above 50.
DXYDoji day. Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (81.99). Still failing SMA(89). No dally 3LB changes (reversal is 83.01).
VIXBullish short day. Midpoint below EMA(10). Still above all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 14.48).
GOLDSpinning top day. Midpoint below EMA(10). Holding above its 0.0% retrace (1335.60). Still failing SMA(21). No daily 3LB changes (reversal is 1587.20). Must have the precious.
EURUSDBullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3145). New high on daily 3LB (reversal is 1.3082).
JNKDoji day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (40.43). No daily 3LB changes (reversal is 40.58).
10YR YIELDBullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (19.37). New high on daily 3LB (reversal is 20.26).
WTIBearish thrusting day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (94.30). No dally 3LB changes (reversal is 91.97).
SILVERBullish thrusting day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (22.60). No daily 3LB changes (reversal is 22.66).
BKXBullish short day. Midpoint above EMA(10). Still above all SMA's. Still failing its 0.0% retrace (62.49). No daily 3LB changes (reversal is 62.64).
HYG/LQDSpinning top day. Tested and held SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). Daily 3LB reversal up (reversal is 0.7879).
COPPERHammer day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% minor retrace (3.332). No daily 3LB changes (reversal is 3.132).
AAPLBearish short day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 463.84).
GSCIBearish harami day. Midpoint above EMA(10). Tested and failed SMA(55). Still failing its 38.2% retrace (31.71). No daily 3LB changes (reversal is 30.05).
IWMBullish short day. Midpoint above EMA(10). Tested and held SMA(21,144). Still failing its 0.0% retrace (99.07). No daily 3LB changes (reversal is 99.21).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
5 comments:
BoJ says no more free money and futures puke. Got to have their fix.
I got a feeling,
I got a feeling,
I got a feeling brothers,
Bulls are being led to slaughter.
I see the bond market told the Fed that selling was about to commence. Next thing you know the 10yr closed down 74bps from todays high. But the 10yr is still very close to 2.2% so expect to see the same thing tomorrow.
Funny how "Turnaround Tuesdays" turned around when Bloomberg & CNBC started talking about it.
New.
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