AmenRa's Corner 12.20.12




Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day (didn't confirm bearish harami). Midpoint above EMA(10). Still above all SMA's. Holding above the 38.2% minor retrace (1416.67). No daily 3LB changes (reversal is 1413.58). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.



DXY
Spinning top day (didn't confirm takuri). Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Still failing all SMA's. New low on dally 3LB (reversal is 80.25).



VIX
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Still failing its 61.8% minor retrace (18.81). New high on daily 3LB (reversal is 16.64).



GOLD
Bearish long day. Midpoint below EMA(10). Tested and failed its 50.0% retrace (1670.30). Now failing all SMA's. New low on daily 3LB (reversal is 1693.80). Must have the precious.



EURUSD
Bullish short day (didn't confirm shooting star). Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3171).



JNK
Bullish short day (didn't confirm bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Tested and held its 100.0% retrace (40.86). No daily 3LB changes (reversal is 40.76).



10YR YIELD
Bullish short day (didn't confirm bearish harami). Still above all SMA's. Midpoint above EMA(10). Still failing its 50.0% minor retrace (18.42). No daily 3LB changes (reversal is 16.97).



WTI
Spinning top day. Holding above SMA(55). Midpoint above EMA(10). Tested and failed its 50.0% minor retrace (90.12). No dally 3LB changes (reversal is 85.39).



SILVER
Bearish long day. Tested and failed SMA(144). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (30.25). New low on daily 3LB (reversal is 32.28).



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 49.71).



HYG/LQD
Bullish short day (didn't confirm bearish engulfing). Still above all SMA's. Midpoint above EMA(10). Tested and held its 50.0% minor retrace (0.7722). No daily 3LB changes (reversal is 0.7729).



COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144). Still failing its 38.2% retrace (3.681). New low on daily 3LB (reversal is 3.706).



AAPL
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 509.79).



CCI
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144,233). Still failing its 61.8% minor retrace (570.80). New low on daily 3LB (reversal is 574.21).







IT HAS BEGUN. YOU HAVE BEEN WARNED.


4 comments:

AmenRa said...

Complete chaos in ES after the vote for Plan B was delayed.

AmenRa said...

Dear Bulls:

I hope you kept your trailing stops tight.

AmenRa said...

A/D 0.25
Vol up/Vol down 0.03
NH/NL 0.95

qqqqtrader said...

LOL... like the 7 day forecast!

Thanks! for the rap Ra!

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