AmenRa's Corner 5.31.12

"I tried and I tried. But to no avail. No mas."

Creditcane™: Thought you were knocked out before the rumor. Had to knock you back down at the close.

SPX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above the 38.2% retrace (1296.82). No daily 3LB changes (reversal is 1295.22). QE2infinity.

DXY
Spinning top day (evening star forming?). Midpoint above EMA(10). Tested and held the 0.0% retrace (83.11). Still above all SMA's. New high on daily 3LB (reversal is 82.40).

VIX
Spinning top day (bearish harami?…probably not). Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 25.10).

GOLD
Doji day. Midpoint below EMA(10). Failing its 61.8% retrace (1600.40). Failing all SMA's. No daily 3LB changes (reversal is 1538.90). Still below its monthly 3LB mid. Must have the precious.

EURUSD
Doji day (morning star forming?). Midpoint below EMA(10). Still failing all SMA's. Still failing its 0.0% retrace (1.2546). New low on daily 3LB (reversal is 1.2518).

JNK
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% retrace (38.24). New low on daily 3LB (reversal is 39.06). Hulk smash!

10YR YIELD
Bearish short day (not a hammer because body too large). Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (16.19). New low on daily 3LB (reversal is 17.93).

WTI
Bearish short day (falling three method confirmed). Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (87.33). New low on dally 3LB (reversal is 91.80). Still below the monthly 3LB mid.

SILVER
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).

BKX
Bullish short day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 50.0% retrace (43.76). No daily 3LB changes (reversal is 44.83).

HYG/LQD
Bearish long day (run Forest run!). Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (0.7592). New low on daily 3LB (reversal is 0.7832).

COPPER
Bearish short day. Midpoint below EMA(10). Failing all SMA's. Tested and held its 50.0% minor retrace (3.352). New low on daily 3LB (reversal is 3.468).

AAPL
Hanging man day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (577.84). No daily 3LB changes (reversal is 561.28).

CRB
Bearish short day. Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% minor retrace (277.27). New low on daily 3LB (reversal is 281.44).

IT HAS BEGUN. YOU HAVE BEEN WARNED.