

Creditcane™: Sovereign downgrades are one of my specialities.
SPXHanging man day. Midpoint above EMA(10). Still above all SMA's. Tested and held the minor 61.8% retrace (1286.32). No daily 3LB changes (reversal is 1281.06). QE2infinity. Confirmed the weekly 3LB reversal up.
DXYBullish long day. Midpoint above EMA(10). Tested and held the 0.0% retrace (81.38). Still above all SMA's. New high on daily 3LB (reversal is 80.94).
VIXInverted hammer day (which ironically confirmed the inverted hammer). Midpoint below EMA(10). Failing all SMA's. Tested and failed its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 23.52).
GOLDBearish long day. Midpoint above EMA(10). Failing its 50.0% retrace (1655.20). Holding above SMA(21). No daily 3LB changes (reversal is 1620.10). Still above monthly 3LB mid. Must have the precious.
EURUSDBearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (1.2777). New low on daily 3LB (reversal is 1.2792).
JNKBullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.94).
10YR YIELDBearish long day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).
WTISpinning top day. Tested and failed SMA(21). Midpoint below EMA(10). Failing its 61.8% retrace (101.94). New low on dally 3LB (reversal is 103.22). Not confirming the monthly 3LB reversal down.
SILVERBearish long day. Holding above SMA(21). Midpoint above EMA(10). Tested and failed its 61.8% minor retrace (29.76). Daily 3LB reversal down (reversal is 30.12).
BKXHanging man day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (41.37). No daily 3LB changes (reversal is 42.08). Had a weekly 3LB reversal up.
HYG/LQDBearish long day. Tested and failed SMA(55). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). New low on daily 3LB (reversal is 0.7908).
COPPERDoji day. Midpoint above EMA(10). Holding above SMA(89). Tested and failed its 38.2% retrace (3.684). No daily 3LB changes (reversal is 3.267).
EURCHFSpinning top day. Midpoint below EMA(10). Failing its 50.0% retrace (1.2233). Tested and failed SMA(21). No daily 3LB changes (reversal is 1.1957).

IT HAS BEGUN. YOU HAVE BEEN WARNED.










































