AmenRa's Corner

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

Creditcane™: It's Friday and I need a drink after this weeks bullish thrashing.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace (1364.56). New high on daily 3LB (reversal is 1347.17). QE2infinity. "JBTFD. Don't question it. Just do it. Trust me."



DXY
Bearish short day. Midpoint below EMA(10). No test of 0.0% retrace (72.87). Below all SMA's. New low on daily 3LB (reversal is 73.84). It's a long way to the center of the earth.



VIX
Bullish thrusting day. Midpoint below EMA(10). Still below all SMA's. No daily 3LB changes (reversal is 15.32). Deep in the "no fear" zone.



GOLD
Bullish LONG day. Midpoint above EMA(10). Made a new 0.0% retrace (1564.00). Still above all SMA's. New high on daily 3LB (reversal is 1509.10). Holding above upper trend line. Must have the precious.



EURUSD
Doji day. Midpoint above EMA(10). Still holding above the 85.4% retrace (1.4640). Still above all SMA's. New high on daily 3LB (reversal is 1.4614).



JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace (40.93). New high on daily 3LB (reversal is 40.71).



10YR YIELD
Spinning top day. No test of 0.0% retrace (37.44). Still below all SMA's. Midpoint below EMA(10). Tested and held the 23.6% retrace (32.83). Holding the upper trend line. New low on daily 3LB (reversal is 33.56).



WTI
Bullish short day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (got close). Dally 3LB reversal up (reversal is 106.84). Still above weekly 3LB mid (108.61).



SILVER
Bearish short day. Still above all SMA's. Midpoint above EMA(10). No test of 0.0% retrace (49.80). Holding upper trend line. New high on daily 3LB changes (reversal is 46.09).

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