AmenRa's Corner

Creditcane™: I slept during the after-hours as you now well know.

SPX
Bearish short day. Midpoint below EMA(10). Tested and barely held SMA(21). Tested and failed the 38.2% retrace (1241.13). New low on daily 3LB (reversal is 1261.01). QE2infinity. Still above weekly 3LB mid and below the monthly 3LB mid.



DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 100.0% retrace (79.60). Holding above all SMA's. New high on daily 3LB (reversal is 78.30). Confirming the monthly 3LB reversal up.



VIX
Bullish short day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% retrace (26.16). No daily 3LB changes (reversal is 48.00). The grip of the "fear" zone has been eliminated (for now).



GOLD
Bearish long day. Midpoint below EMA(10). Tested and failed its 50.0% retrace (1655.20). Tested and failed SMA(144). Daily 3LB reversal down (reversal is 1802.90). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Failing its 100.0% retrace (1.3350). Time to redraw retraces? Give it three days. New low on daily 3LB (reversal is 1.3328).



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



WTI
Bullish long 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
Bearish short day (inverted hammer?). Failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (30.81). No daily 3LB changes (reversal is 36.65).



BKX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21,55,89). Tested and failed its 50.0% minor retrace (37.51). No daily 3LB changes (reversal is 40.05).



HYG/LQD
Bearish long day (actually confirmed bearish harami). Failing SMA(144). Midpoint above EMA(10). Tested and failed its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7693).



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



EEM
Bearish long day. Midpoint below EMA(10). Failing all SMA's. Tested and failed its 61.8% minor retrace (38.06). No daily 3LB changes (reversal is 36.10).

IT HAS BEGUN. YOU HAVE BEEN WARNED.

I hear another meeting is going on right about now...

they even invited the neophytes...