AmenRa's Corner 4.12.12

I thought this was only an annual event?

Creditcane™: Bulls just pulled a driveby on the Bears. Didn't know they knew how to drive.

SPX
Bullish long day (confirmed bullish harami). Midpoint below EMA(10). Tested and held SMA(55). Tested and held the 38.2% minor retrace (1372.42). Failing the lower trend line (10/4-11/28). No daily 3LB changes(reversal is 1419.04). QE2infinity.



DXY
Bearish long day. Midpoint below EMA(10). Tested and failed the 61.8% minor retrace (79.60). Tested and failed SMA(21,55,89). No daily 3LB changes (reversal is 78.98). Still below weekly 3LB mid.



VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(55). Tested and failed its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 16.44).



GOLD
Bullish long day. Midpoint above EMA(10). Tested and held its 50.0% retrace (1661.00). Tested and held SMA(233). No daily 3LB changes (reversal is 1706.50). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish long day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 50.0% minor retrace (1.3142). No daily 3LB changes (reversal is 1.3465).



JNK
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Holding above its 61.8% retrace (38.86). Daily 3LB reversal up (reversal is 38.69).



10YR YIELD
Spinning top day (confirmed bullish harami). Tested and held SMA(89,144). Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 21.87).



WTI
Bullish short day (confirmed bullish engulfing). Tested and held SMA(89). Midpoint below EMA(10). Tested and held its 61.8% retrace (102.98). No dally 3LB changes (reversal is 105.24). Not confirming the monthly 3LB reversal down.



SILVER
Bullish long day. Tested and held SMA(21,89,144). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.01). No daily 3LB changes (reversal is 33.26).



BKX
Bullish long day (confirmed bullish harami). Midpoint below EMA(10). Still failing SMA(21). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 49.00).



HYG/LQD
Bullish short day. Tested and failed SMA(144). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7825).



EEM
Bullish long day. Midpoint below EMA(10). Holding above SMA(89). Holding above its 50.0% retrace (41.81). No daily 3LB changes (reversal is 43.87).



AAPL
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Failing its 0.0% retrace (639.84). No daily 3LB changes (reversal is 618.63).

IT HAS BEGUN. YOU HAVE BEEN WARNED.