AmenRa's Corner

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

Creditcane™: I'll be in the EU while the US enjoys Labor Day.

SPX
Bearish long day. Midpoint below EMA(10). Barely held above SMA(21). Tested and failed the 50.0% retrace (1204.58). No daily 3LB changes (reversal is 1254.05). QE2infinity. Below daily & weekly mids. Currently confirming monthly 3LB reversal down.



DXY
Bullish short day. Midpoint above EMA(10). Holding above its 0.0% retrace (73.51). Tested and held the 50.0% minor retrace (74.67). Back above SMA(55) and SMA(89). No daily 3LB changes (reversal is 75.75).



VIX
Spinning top day. Midpoint below EMA(10). Still below SMA(21). Failing its 0.0% retrace (45.40). Tested and held its 38.2% minor retrace (33.51). No daily 3LB changes (reversal is 25.25). Still on parole from the "extreme fear" zone.



GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its 38.2% minor retrace (1828.28). Still above all SMA's. No daily 3LB changes (reversal is 1891.90). Must have the precious.



EURCHF
Spinning top day. Midpoint below EMA(10). Tested and held its 61.8% retrace (1.1078). Tested and failed SMA(21). New low on daily 3LB (reversal is 1.1682). Ruh roh SNB.



JNK
Bullish short day (closed gap and closed lower). Midpoint above EMA(10). Still above SMA(21). Failing its 50.0% retrace (38.60). No daily 3LB changes (reversal is 39.59).



10YR YIELD
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Made a new its 0.0% retrace (19.96). Daily 3LB reversal down (reversal is 22.71).



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



SILVER
Bullish long day. Holding above all SMA's. Midpoint above EMA(10). Held above its 38.2% retrace (40.74). No daily 3LB changes (reversal is 37.94).



BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Failing its 38.2% minor retrace (38.82). Daily 3LB reversal down (reversal is 39.95).



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



USDJPY
Doji day (really doesn't fit any description). Midpoint below EMA(10). Failing SMA(21). Held above its 38.2% retrace (76.561). No daily 3LB changes (reversal is 76.46).



COPPER
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Failing its 38.2% retrace (4.164). No daily 3LB changes (reversal is 4.256).

IT HAS BEGUN. BE WARNED.