AmenRa's Corner

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

Creditcane™: New Years resolution: increase my wrath so the truth may be known.

SPX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1247.08). QE2infinity.




DXY
Bearish short day (could it be a morning star?). Midpoint below EMA(10). No test of the 38.2% retrace (80.63). Still below SMA(21). No daily 3LB changes (reversal is 81.19).



VIX
Spinning top day. Midpoint above EMA(10). Still below all SMA's (tried to get above SMA(21) but failed). No daily 3LB changes (reversal is 17.74). May look to escape the "no fear" zone. Monthly 3LB reversal?



GOLD
Spinning top day. Still above SMA(21). Midpoint above EMA(10). 0.0% retrace holding. Still above 14.6% retrace (1392.69). No daily 3LB changes (reversal is 1338.80). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Back above its 38.2% retrace at 1.3121. Back above SMA(21) and SMA(144). No daily 3LB changes (reversal is 1.3001). Now above weekly 3LB reversal price.



JNK
Bullish short day (but still closed lower). Midpoint below EMA(10). Failing the Gann 4x1. Below all SMA's except 144 & 233. New low on daily 3LB (reversal is 40.47).



10YR YIELD
Bearish short day (another failed bearish engulfing). The 0.0% fibo retrace at 35.66 has held. Above all SMA's. Back below its 14.6% retrace (33.86). Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36).



CRB
Bearish long day. Midpoint above EMA(10). Above all SMA's. No test of 0.0% retrace. No daily 3LB changes (reversal is 326.80). Below trendline of current move.



IQI
Bullish short day (confirmed bullish engulfing). Midpoint below EMA(10). Below all SMA's. Still below its 14.6% retrace (11.74). No daily 3LB changes (reversal is 11.50).



XLF
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Still above its 14.6% retrace (15.81). No daily 3LB changes (reversal is 15.81). Will we have a monthly 3LB reversal?



SUGAR #11
Bearish LONG day. Wiped out two weeks of gains. Back below SMA(21). Midpoint below EMA(10). Daily 3LB reversal down (reversal is 34.39).