AmenRa's Corner

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

Creditcane™: Today I felt I was training with Rocky. Had "Eye of the Tiger" on full blast.

SPX
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Never tested the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1254.05). QE2infinity. Still below daily, weekly & monthly 3LB mids.



DXY
Bullish harami day. Midpoint below EMA(10). Holding its 0.0% retrace (73.51). Failing the 38.2% minor retrace (74.40). Still below all SMA's. No daily 3LB changes (reversal is 75.75).



VIX
Spinning top day. Midpoint below EMA(10). Still above all SMA's. Tested and failed its 61.8% minor retrace (33.35). No daily 3LB changes (reversal is 25.25). Still running away from the "extreme fear" zone.



GOLD
Bullish short day. Midpoint above EMA(10). Failing its 0.0% retrace (1801.00). Still above all SMA's. Holding its 38.2% minor retrace (1740.31). New high on daily 3LB (reversal is 1713.20). Must have the precious.



EURCHF
Bullish short day. Midpoint above EMA(10). Holding above its 61.8%% retrace (1.1269). Holding SMA(21). New high on daily 3LB (reversal is 1.1055). SNB still trying to imitate Sissyphus.



JNK
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% retrace (38.07). No daily 3LB changes (reversal is 39.59).



10YR YIELD
Bearish long day. Failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (21.73). Still below the upper trend line. No daily 3LB changes (reversal is 24.58).



WTI
Bearish short day (possible bearish ashram). Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (86.88). No dally 3LB changes (reversal is 91.93).



SILVER
Doji day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 50.0% retrace (37.94). No daily 3LB changes (reversal is 40.70).



BKX
Bearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (39.08). No daily 3LB changes (reversal is 42.34).



HYG/LQD
Bearish short day. Failing all SMA's. Midpoint below EMA(10). No test of its 0.0% retrace (0.7427). Tested and failed its 61.8% minor retrace (0.7682) and 50.0% retrace (0.7634). No daily 3LB changes (reversal is 0.7910).



USDJPY
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Holding its 38.2% retrace (76.561). New low on daily 3LB (reversal is 79.01). Calling BoJ. Calling BoJ. I still see the line in the sand.




Bearish long day. Midpoint below EMA(10). Tested and failed the 61.8% retrace (46.12) and 38.2% minor retrace (39.43). New low on daily 3LB (reversal is 68.16).

IT HAS BEGUN. BE WARNED.