Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1492.56). New high on daily 3LB (reversal is 1480.94). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXY
Spinning top day. Midpoint below EMA(10). Tested and failed the 38.2% retrace (79.97). Tested and held SMA(21). No dally 3LB changes (reversal is 79.25).
VIX
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Holding above its 0.0% retrace (12.29). No daily 3LB changes (reversal is 13.49).
GOLD
Bearish short day. Midpoint above EMA(10). Holding above its 50.0% retrace (1670.30). Tested and failed SMA(144). No daily 3LB changes (reversal is 1693.80). Must have the precious.
EURUSD
Doji day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3069).
JNK
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 100.0% retrace (40.86). No daily 3LB changes (reversal is 41.21).
10YR YIELD
Bearish short day. Tested and held SMA(21). Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (18.42). No daily 3LB changes (reversal is 19.14).
WTI
Bearish engulfing day. Tested and failed SMA(233). Midpoint above EMA(10). Holding above its 61.8% minor retrace (92.32). No dally 3LB changes (reversal is 94.68).
SILVER
Bullish short day. Tested and held SMA(55). Midpoint above EMA(10). Tested and held its 38.2% minor retrace (32.34). Daily 3LB reversal up (reversal is 29.67).
BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 100.0% retrace (53.88). No daily 3LB changes (reversal is 51.90).
HYG/LQD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7807).
COPPER
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.536).
AAPL
Bullish short day (pre earnings). Still failing all SMA's. Midpoint above EMA(10). Tested and held its 50.0% retrace (509.60). Still failing BB(2,200). No daily 3LB changes (reversal is 549.03).
CCI
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(144). Holding above its 38.2% retrace (557.71). No daily 3LB changes (reversal is 561.84).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
1 comments:
Funny. SPX almost back to 2007 highs yet the banks are still insolvent (don't let the share price fool you). That is, unless they've sold all of their derivatives to the Fed.
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