Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day (morning star forming?). Midpoint below EMA(10). Now failing all SMA's. Still failing the 61.8% minor retrace (1383.13). New low on daily 3LB (reversal is 1377.51). QE2infinity. Still below all trend lines and RSI(14) still below 50.
Bearish short day. Midpoint above EMA(10). Holding above the 38.2% retrace (79.97). Tested and held SMA(89). No dally 3LB changes (reversal is 81.03).
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Still failing its 61.8% minor retrace (18.81). No daily 3LB changes (reversal is 19.07).
Bearish short day. Midpoint below EMA(10). Still failing its 38.2% retrace (1730.90). Tested and failed SMA(21). No daily 3LB changes (reversal is 1675.20). Must have the precious.
Bullish short day. Midpoint below EMA(10). Holding above SMA(144). Tested and held its 61.8% minor retrace (1.2759). Daily 3LB reversal up (reversal is 1.2709).
Bullish harami day. Midpoint below EMA(10). Tested and held SMA(144). Tested and held its 38.2% minor retrace (39.62). No daily 3LB changes (reversal is 39.93).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 16.14).
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (87.97). No dally 3LB changes (reversal is 89.14).
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.24). No daily 3LB changes (reversal is 31.62).
Bullish harami day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 38.2% minor retrace (49.10). No daily 3LB changes (reversal is 48.39).
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 0.0% retrace (0.7536). New low on daily 3LB (reversal is 0.7515).
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (3.443). No daily 3LB changes (reversal is 3.494).
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (555.47). Still failing BB(2,200). New low on daily 3LB (reversal is 558.00).
Spinning top day. Midpoint above EMA(10). Tested and failed SMA(233). Holding above its 38.2% retrace (557.71). No daily 3LB changes (reversal is 565.17).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
9 comments:
Odd that SPX is not even below its monthly 3LB mid but SPY is trading below its monthly 3LB reversal price.
The SPX may close Nov below its 10EMA on the monthly chart. The trap door will open wide.
Ouch...
Industrial Production -0.4% consensus 0.2% previous 0.4%
Capacity Utilization 77.8% consensus 78.3% previous 78.3%
Net Long Term TIC flows
3.3B consensus 75.0B previous 90.3B
Where did the buyers go?
Out to buy Cupcakes...
BinT
I haven't had a Twinkie in years. Think I'll buy a box and put it on the shelf. It'll still be there in five years and still be fresh (YGBFKM).
SPX dropped hard into the EU close (looking to take out 1340). Then miraculously some members of Congress appear after a meeting with President Obama saying talks are "constructive". Up goes SPX which is at least 16 handles off the low.
Option pain for SPY was 141. Just sayin'
New.
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