AmenRa's Corner

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

Creditcane™: You may have won this battle but I will win the war.

SPX
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Tested and held the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1254.05). QE2infinity. Back above daily & weekly mids but still below monthly 3LB mid.



DXY
Spinning top 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
Bearish short day (closed gap). Midpoint below EMA(10). Back below SMA(21). Failing its 0.0% retrace (45.40). Tested and failed its 38.2% minor retrace (33.51). No daily 3LB changes (reversal is 25.25). Escaped the "extreme fear" zone.



GOLD
Bearish long day. Midpoint above EMA(10). Failing its 50.0% minor retrace (1804.89). Still above all SMA's. No daily 3LB changes (reversal is 1891.90). Must have the precious.



EURCHF
Bullish long day. Midpoint above EMA(10). Tested and held its 38.2% retrace (1.1717). Tested and held SMA(55). New high on daily 3LB (reversal is 1.1425).



JNK
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Tested and held its 38.2% retrace (38.07). No daily 3LB changes (reversal is 39.59).



10YR YIELD
Bullish short day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (20.92). New high on daily 3LB (reversal is 20.71).



WTI
Bullish long day. Back above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (80.32). Tested and failed its 50.0% minor retrace (86.00). No dally 3LB changes (reversal is 92.08).



SILVER
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% retrace (40.74). No daily 3LB changes (reversal is 37.94).



BKX
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Tested and held its 50.0% minor retrace (39.61). New high on daily 3LB (reversal is 35.49).



HYG/LQD
Bearish short day. Holding above SMA(21). Midpoint above EMA(10). No test of its 0.0% retrace (0.7427). Holding above its 61.8% minor retrace (0.7682). No daily 3LB changes (reversal is 0.7910).


USDJPY
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 38.2% retrace (76.561). No daily 3LB changes (reversal is 76.46).

IT HAS BEGUN. BE WARNED.