AmenRa's Corner

A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection

Creditcane™: Force fields are illegal. Let me in!

SPX
Spinning top day (another hanging man set free). Midpoint above EMA(10). Above all SMA's. Tested and failed 1177.84 (the .0344 fibo from high) again. No daily 3LB changes (reversal is 1165.15). QE2infinity (aka the beginning of the end).



DXY
Bullish short day (formed a bullish piercing but 1st day should be longer). Midpoint below EMA(10). Tested its 85.4% retrace at 76.29 and passed. Well below 78.41 (.0557 from low). No daily 3LB changes (reversal is 77.32).



VIX
Bearish short day (upper shadows indicating direction it wants to go). Midpoint below EMA(10). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 21.21). Managed to return to the "no fear" zone.



GOLD
Bearish engulfing day (or so they want you to think). Way above all SMA's. Midpoint above EMA(10). No test of new 0% retrace. No daily 3LB changes (reversal is 1347.70).



EURUSD
Dark cloud cover day. Midpoint above EMA(10). Above its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.3840). Table throwing at the G20?



JNK
Homing pigeon day (but we're in an uptrend and it's mostly for downtrends). Above all SMA's. Midpoint above EMA(10). Closed back below the 100% retrace. No daily 3LB changes (reversal is 40.01).



10YR YIELD
Bullish LONG day (after closing gap). The 0.0% fibo retrace at 23.59 is the line in the sand. Back above the weekly 3LB mid (25.35) and SMA(21). Midpoint above EMA(10). New high on daily 3LB (reversal is 23.81).



DJ TRANS AVG
Spinning top day (confirmed hanging man and bearish harami). Holding above the upper trend line and all SMA's. Midpoint above EMA(10). No daily 3LB changes (reversal is 4583.57).



CRB
Bearish long day. Midpoint above EMA(10). Above all SMA's. Failed the Gann 1x1. Daily 3LB reversal down (reversal is 299.93).




YEN (FXY)
Bearish short day. Above all SMA's. Midpoint above EMA(10). Tested but failed its 0% retrace. No daily 3LB changes (reversal now 120.86). There's pain and then there's pain. Domo arigatou.