AmenRa's Corner

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

Creditcane™: In the fell clutch of circumstance I have not winced nor cried aloud. Under the bludgeonings of chance, my head is bloody, but unbowed.

SPX
Bullish long day. Midpoint above EMA(10). Above all SMA's. Tested and passed 1177.84 (the .0344 fibo from high). No daily 3LB changes (reversal is 1165.32). QE2infinity (aka the beginning of the end).



DXY
Bearish long day (gravestone doji confirmation holding). Midpoint above EMA(10). Tested its 76.4% retrace at 76.29 and failed. Still below 78.41 (.0557 from low). No daily 3LB changes (reversal is 76.65).



VIX
Bearish long day. Midpoint above EMA(10). Below weekly 3LB mid and monthly 3LB mid. No daily 3LB changes (reversal is 21.21). Returned to the "no fear" zone.



GOLD
Bullish thrusting day. Still above all SMA's. Midpoint below EMA(10). No test of new 0% retrace. No daily 3LB changes (reversal is 1377.60).



EURUSD
Bullish long day (still confirming dark cloud cover). Midpoint below EMA(10). Back above its 61.8% retrace at 1.3899. Above all SMA's. No daily 3LB changes (reversal is 1.4049).



JNK
Bullish long day. Above all SMA's. Midpoint above EMA(10). Held the 100% retrace. No daily 3LB changes (reversal is 40.01).




10YR YIELD
Spinning top day. May have formed a rising three method. The 0.0% fibo retrace at 23.59 is the line in the sand. Still below the weekly 3LB mid (25.35) and SMA(21). Midpoint below EMA(10). No daily 3LB changes (reversal is 23.81).



DJ TRANS AVG
Bullish long day. Holding above the upper trend line and all SMA's. Midpoint above EMA(10). New high on daily 3LB (reversal is 4628.39).




CRB
Bullish long day. Midpoint above EMA(10). Above all SMA's. Still failing the Gann 1x1. No daily 3LB changes (reversal is 299.93).




XLF
Bullish long day. Midpoint below EMA(10). Back above SMA(21). No daily 3LB changes (reversal is 14.89).