AmenRa's Corner

Creditcane™: After yesterday this is the best you can do? Now I need to make another visit to the exchanges.

SPX
Spinning top day (possible evening star). Midpoint above EMA(10). Tested and failed SMA(144). Tested and held the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1158.67). QE2infinity. Still above weekly 3LB mid but below monthly 3LB mid.



DXY
Spinning top day (possible morning star). Midpoint below EMA(10). Tested and failed the 50.0% minor retrace (78.43). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Failing to confirm the monthly 3LB reversal up.



VIX
Doji day. Midpoint below EMA(10). Tested and failed SMA(144). Failing its 50.0% retrace (29.84). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated (for now).



GOLD
Spinning top day (possible evening star but candle body didn't gap). Midpoint above EMA(10). Holding above its 38.2% retrace (1716.70). Tested and failed SMA(21). No daily 3LB changes (reversal is 1643.50). Must have the precious.



EURUSD
Bullish short day. Midpoint above EMA(10). Still failing all SMA's. Holding above its 100.0% retrace (1.3350). No daily 3LB changes (reversal is 1.3511).



JNK
Bullish short day (still closed lower). Midpoint above EMA(10). Tested and held SMA(55). Tested and held its 38.2% retrace (37.62). No daily 3LB changes (reversal is 36.43).



10YR YIELD
Spinning top day. Tested and failed SMA(89). Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (21.37). New high on daily 3LB (reversal is 19.39).



WTI
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Failing its 61.8% retrace (101.74). No dally 3LB changes (reversal is 96.17). Not confirming the monthly 3LB reversal down.



SILVER
Doji day. Still failing all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).



BKX
Hanging man day (possible bearish harami also). Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 50.0% minor retrace (37.51). No daily 3LB changes (reversal is 40.05).



HYG/LQD
Spinning top day. Holding above SMA(21,89). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7466).



USDJPY
Spinning top day. Midpoint above EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (77.785). No daily 3LB changes (reversal is 75.70).



NFP (monthly info)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 36k
rev= 431k; mid= 224.5k

We're approaching the apex of the triangle. 135k is the high line and 85k is the low line. A break of either will probably say a lot about where we are headed.

IT HAS BEGUN. YOU HAVE BEEN WARNED.