Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held 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) back below 50.
Spinning top day. Midpoint below EMA(10). Still failing the 38.2% retrace (79.97). Tested and failed SMA(21). No dally 3LB changes (reversal is 80.25).
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 50.0% minor retrace (20.22). No daily 3LB changes (reversal is 17.36).
Bullish short day. Midpoint below EMA(10). Still failing its 50.0% retrace (1670.30). Still failing all SMA's. No daily 3LB changes (reversal is 1693.80). Must have the precious.
Bullish short day. 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).
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 100.0% retrace (40.86). New low on daily 3LB (reversal is 40.97).
Bearish long day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 16.97).
Spinning top day. Tested and held SMA(144). Midpoint above EMA(10). Tested and held its 50.0% minor retrace (90.65). No dally 3LB changes (reversal is 89.80).
Spinning top day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 32.28).
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 61.8% minor retrace (50.92). No daily 3LB changes (reversal is 49.71).
Bearish long day. Tested and failed SMA(21,233). Midpoint below EMA(10). Tested and failed its 38.2% minor retrace (0.7678). New low on daily 3LB (reversal is 0.7713).
Spinning top day. Midpoint below EMA(10). Tested and held SMA(55). Still failing its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.706).
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 509.79).
Spinning top day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 61.8% minor retrace (570.80). No daily 3LB changes (reversal is 565.89).
Doji day. Still below all SMA's. Midpoint below EMA(10). Still failing its 100.0% retrace (1.16990). New low on daily 3LB (reversal 1.18550).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
8 comments:
Still can't believe the SPX ramped up $17 in one hour because Boehner said a meeting is scheduled. Makes no f'in sense.
End of year; low volume; blah blah.
You know they are going to kick the can down the road. The question is a matter of when: before or after the turn of the new year. That's what you need to figure out in order to position your trade.
It's not like the economy will immediately lose 2% if they don't kick the can immediately. They can bicker in front of their respective bases until they are satisfied, and then extend and pretend. We've seen this before.
Matthew
Appears index futures are egging the politicians to hurry up and kick the damn can.
I guess the market didn't see the foot raised for the kick.
THE PPT stayed behind in Hawaii, apparently...
...VIX at 22+
BinT
This is what happens when you let the third string play with the first string.
ES got b@^&h slapped after the market close.
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