AmenRa's Corner 9.14.12

Bulls might need to take notice...

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bullish short day (shooting star?). Midpoint above EMA(10). Still above all SMA's. Tested and held the new 0.0% retrace (1463.76). New high on daily 3LB (reversal is 1432.12). QE2infinity.

DXY
Bearish long day. Midpoint below EMA(10). Tested and held the 50.0% retrace (78.72). Still failing all SMA's. New low on dally 3LB (reversal is 79.89).

VIX
Bullish thrusting day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (14.27). No daily 3LB changes (reversal is 17.82).

GOLD
Bullish short day. Midpoint above EMA(10). Holding above its 38.2% retrace (1730.90). Still above all SMA's. New high on daily 3LB (reversal is 1705.60). Must have the precious.

EURUSD
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% retrace (1.3124). New high on daily 3LB (reversal is 1.2870).

JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (40.10). New high on daily 3LB (reversal is 40.38).

10YR YIELD
Bullish short day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (18.42). New high on daily 3LB (reversal is 16.82).

WTI
Bullish short day. Tested and held SMA(233). Midpoint above EMA(10). Tested and failed its 50.0% retrace (100.32). New high on dally 3LB (reversal is 94.62).

SILVER
Spinning top day (bearish harami?). Still above all SMA's. Midpoint above EMA(10). Holding above its 38.2% minor retrace (32.15). No daily 3LB changes (reversal is 32.41).

BKX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% minor retrace (50.92). New high on daily 3LB (reversal is 49.29).

HYG/LQD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). New high on daily 3LB (reversal is 0.7645).

COPPER
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (3.673). New high on daily 3LB (reversal is 3.688).

AAPL
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and held its new 0.0% retrace (685.50). New high on daily 3LB (reversal is 660.59).

RBOB Gasoline
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% minor retrace (2.97). New high on daily 3LB (reversal is 3.04).

IT HAS BEGUN. YOU HAVE BEEN WARNED.