AmenRa's Corner

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

Creditcane™: I have reached zen.

SPX
Bearish long day. Midpoint below EMA(10). Still below all SMA's. Tested and failed the 61.8% retrace (1168.03). No daily 3LB changes (reversal is 1254.05). QE2infinity. Still below daily, weekly & monthly 3LB mids.



DXY
Bullish long day. Midpoint below EMA(10). Holding above 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
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (39.25). No daily 3LB changes (reversal is 25.25). Ran back into the arms of the "extreme fear" zone.



GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its new 0.0% retrace (1817.60). Still above all SMA's. New high on daily 3LB (reversal is 1784.30). Must have the precious.



EURCHF
Spinning top day. Midpoint above EMA(10). Holding above its 61.8%% retrace (1.1269). Holding SMA(21). No daily 3LB changes (reversal is 1.1266). The boulder is getting heavier Sissyphus. Don't slip.



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



10YR YIELD
Hammer day (we'll see if it gets confirmed). Failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (21.73). Still below the upper trend line. No daily 3LB changes (reversal is 23.39).



WTI
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (85.30). No dally 3LB changes (reversal is 91.93).



SILVER
Bullish short day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (40.69). No daily 3LB changes (reversal is 40.70).



BKX
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 0.0% retrace (36.55). 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 38.2% minor retrace (0.7585). No daily 3LB changes (reversal is 0.7910).



USDJPY
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Tested and failed its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.03). Calling BoJ. Calling BoJ. The line in the sand has been crossed. We're waiting.



DJ TRANS AVG
Bearish long day. Failing all SMA's. Midpoint bellow EMA(10). Tested and failed its 61.8% minor retrace (4321.30). New low on daily 3LB (reversal is 4711.74).

IT HAS BEGUN. BE WARNED.