AmenRa's Corner

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

Creditcane™: This is what happens when you walk down a dark alley after being warned.

SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Well above the 38.2% minor retrace (1122.84). No daily 3LB changes (reversal is 1200.07). QE2infinity. Back above the daily 3LB mid but still below the weekly 3LB mid.



DXY
Bearish short day. Midpoint above EMA(10). Tested and failed the 38.2% minor retrace (78.71). Still above all SMA's. No daily 3LB changes (reversal is 78.50). Confirming the monthly 3LB reversal up.



VIX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 61.8% minor retrace (38.05). No daily 3LB changes (reversal is 25.25). Still running away from the "extreme fear" zone.



GOLD
Spinning top day. Midpoint below EMA(10). Tested and held its 50.0% retrace (1651.50). Failing SMA(89). No daily 3LB changes (reversal is 1757.30). Must have the precious.



EURUSD
Bullish short day. Midpoint below EMA(10). Still below all SMA's. Tested and held its 100.0% minor retrace (1.3350). No daily 3LB changes (reversal is 1.3464).



JNK
Bullish long day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 0.0% retrace (35.62). No daily 3LB changes (reversal is 36.71).



10YR YIELD
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.96). No daily 3LB changes (reversal is 17.15).



WTI
Bullish long day. Failing all SMA's. Midpoint above EMA(10). Holding above its 0.0% retrace (78.53). New high on dally 3LB (reversal is 75.67). Not confirming the monthly 3LB reversal down.



SILVER
Bullish long day. Failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (31.80). No daily 3LB changes (reversal is 36.58).



BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (36.60). Daily 3LB reversal up (reversal is 33.65).



HYG/LQD
Bullish long day. Failing all SMA's. Midpoint below EMA(10). Tested and held its 0.0% retrace (0.7375). Daily 3LB reversal up (reversal is 0.7241).



USDJPY
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and failed its 38.2% retrace (76.561). No daily 3LB changes (reversal is 77.63).

IT HAS BEGUN. YOU HAVE BEEN WARNED.