Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bearish long day. Midpoint below EMA(10). Still above all SMA's. Still failing the 0.0% retrace (1463.76). No daily 3LB changes (reversal is 1432.12). QE2infinity. 3rd close below trend line.
DXY
Bullish short day. Midpoint below EMA(10). Holding above the 50.0% retrace (78.72). Still failing all SMA's. No dally 3LB changes (reversal is 79.89).
VIX
Bullish long day. Midpoint above EMA(10). Tested and failed SMA(21). Tested and held its 0.0% retrace (14.27). No daily 3LB changes (reversal is 15.60).
GOLD
Doji day. Midpoint above EMA(10). Holding above its 38.2% retrace (1730.90). Still above all SMA's. No daily 3LB changes (reversal is 1740.50). Must have the precious.
EURUSD
Doji day. Midpoint below EMA(10). Still above all SMA's. Still failing its 38.2% retrace (1.3127). No daily 3LB changes (reversal is 1.2870).
JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Holding above its 61.8% minor retrace (40.10). Daily 3LB reversal down (reversal is 40.77).
10YR YIELD
Inverted hammer day (prefer higher close). Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 16.82).
WTI
Spinning top day. Tested and failed SMA(55). Midpoint below EMA(10). Still failing its 38.2% retrace (96.27). New low on dally 3LB (reversal is 98.64).
SILVER
Spinning top day. Still above all SMA's. Midpoint below EMA(10). Holding above its 38.2% minor retrace (32.15). No daily 3LB changes (reversal is 32.41).
BKX
Bearish long day. Midpoint below EMA(10). Still above all SMA's. Tested and failed its 50.0% minor retrace (50.01). No daily 3LB changes (reversal is 49.29).
HYG/LQD
Inverted hammer day. Tested and held SMA(55). Midpoint below EMA(10). Tested and held its 38.2% minor retrace (0.7678). No daily 3LB changes (reversal is 0.7645).
COPPER
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (3.673). No daily 3LB changes (reversal is 3.688).
AAPL
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 0.0% retrace (703.99). New low on daily 3LB (reversal is 702.10).
DJ TRANS AVG
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 38.2% retrace (4966.03). No daily 3LB changes (reversal is 4847.73).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
New Home Sales = another one bites the dust.
SPX has tested the candle from 9/13/12 at 1PM et and failed. It's now below all QE∞ gains. Now what Bernanke?
Even though it's just me the posts will go on.
New.
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