AmenRa's Corner

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

"Why has thou forsaken me?"

Creditcane™: Wake me up when the market realizes it's all a dream.

SPX
Bullish long day (confirmed hammer). Midpoint below EMA(10). Held SMA(21). Tested and held the 61.8% retrace (1168.03). No daily 3LB changes (reversal is 1254.05). QE2infinity. Back above daily & weekly mids.



DXY
Bearish long day. Midpoint above EMA(10). Tested and failed the 38.2% retrace (75.83). Still above all SMA's. No daily 3LB changes (reversal is 73.47).



VIX
Bearish short day (after huge gap lower). Midpoint below EMA(10). Failed SMA(21). Failing its 0.0% retrace (45.40). Tested and failed its 38.2% retrace (33.51). No daily 3LB changes (reversal is 25.25). Still on parole from the "extreme fear" zone.



GOLD
Bearish long day (completed evening star). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (1840.15). 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(89). New high on daily 3LB (reversal is 1.1197). SNB still flexing.



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



10YR YIELD
Spinning top day (completed morning star - barely). Still failing all SMA's. Midpoint below EMA(10). Back above its 0.0% retrace (19.96). No daily 3LB changes (reversal is 22.71).



WTI
Bullish long day. Still above SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (80.32). Tested and held its 61.8% minor retrace (88.47). No dally 3LB changes (reversal is 92.08).



SILVER
Bearish short day. Still holding above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% retrace (40.74). No daily 3LB changes (reversal is 37.94).



BKX
Bullish long day (confirmed hammer). Midpoint below EMA(10). Tested and held SMA(21). Held above its 0.0% retrace (36.25). No daily 3LB changes (reversal is 39.95).



HYG/LQD
Spinning top day. Failing all SMA's. Midpoint below EMA(10). No test of its 0.0% retrace (0.7427). Tested and held its 38.2% minor retrace (0.7585). No daily 3LB changes (reversal is 0.7910).



USDJPY
Bearish short day. Midpoint above EMA(10). Held above SMA(21). Tested and failed its 61.8% minor retrace (77.497). No daily 3LB changes (reversal is 76.46).



EEM
Bullish long day. Midpoint above EMA(10). Back above SMA(21). Held above its 61.8% minor retrace (41.12). No daily 3LB changes (reversal is 45.46).

IT HAS BEGUN. BE WARNED.