AmenRa's Corner

"...is there no help for the widow's son?"

Creditcane™: My plane was hijacked and ruined my surprise visit to the exchanges.

SPX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1264.31). QE2infinity. Still above weekly 3LB mid and back above the monthly 3LB mid.



DXY
Spinning top day. Midpoint above EMA(10). Tested and failed the 38.2% minor retrace (78.71). Holding above all SMA's. No daily 3LB changes (reversal is 78.28). Confirming the monthly 3LB reversal up.



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



GOLD
Spinning top day. Midpoint below EMA(10). Tested and failed its 38.2% retrace (1718.10). Tested and held SMA(55). No daily 3LB changes (reversal is 1643.50). Must have the precious.



EURUSD
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 100.0% retrace (1.3350). No daily 3LB changes (reversal is 1.3511).



JNK
Bullish short day. Midpoint above EMA(10). Holding above SMA(89). Failing its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.30).



10YR YIELD
Bullish long day. Tested and held SMA(21). Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 19.39).



WTI
Bullish short day. Tested and held SMA(21). Midpoint below EMA(10). Failing its 61.8% retrace (101.74). No dally 3LB changes (reversal is 101.28). Not confirming the monthly 3LB reversal down.



SILVER
Bullish short day. Failing SMA(21,55). Midpoint below EMA(10). Tested and held its 38.2% minor retrace (31.85). No daily 3LB changes (reversal is 36.65).



BKX
Bullish long day. Midpoint above EMA(10). Holding above SMA(89). Tested and held its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 40.05).



HYG/LQD
Bullish long day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7557).



USDJPY
Bearish short day. Midpoint below EMA(10). Holding above SMA(21). Tested and failed its 50.0% minor retrace (77.740). No daily 3LB changes (reversal is 75.70).



DD (Du Pont)
trend=no
direction=up (1 bar)
high= 49.36
rev= 39.97; mid= 44.67


DD held its 38.2% retrace this week. It also held its weekly 3LB mid. Yes, it's an engulfing candle but we're not in an uptrend (mostly sideways). Doesn't appear ready to go down just yet but the wedge may force a decision soon.

IT HAS BEGUN. YOU HAVE BEEN WARNED.