Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Still failing the 0.0% retrace (1524.69). No daily 3LB changes (reversal is 1521.38). QE2infinity. Still below 2 of 3 trend lines and RSI(14) back above 50.
DXY
Bearish long day (confirmed bearish harami). Midpoint above EMA(10). Tested and held the 61.8% minor retrace (81.51). Still above all SMA's. No dally 3LB changes (reversal is 81.08).
VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(55,89,144). Still failing its 61.8% minor retrace (17.12). No daily 3LB changes (reversal is 14.32).
GOLD
Bearish long day. Midpoint below EMA(10). Tested and failed its 61.8% retrace (1609.30). Still failing all SMA's. No daily 3LB changes (reversal is 1572.80). Must have the precious.
EURUSD
Bullish short day. Midpoint below EMA(10). Tested and failed SMA(89). Tested and failed its 38.2% retrace (1.3138). No daily 3LB changes (reversal is 1.3287).
JNK
Spinning top day. Midpoint above EMA(10). Now above all SMA's. Holding above its 38.2% minor retrace (40.58). New high on daily 3LB (reversal is 40.55).
10YR YIELD
Bullish long day. Tested and held SMA(55). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (18.42). No daily 3LB changes (reversal is 20.26).
WTI
Doji day. Tested and held SMA(89). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (93.12). No dally 3LB changes (reversal is 96.31).
SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 31.17).
BKX
Bullish long day (confirmed bullish harami). Midpoint below EMA(10). Tested and held SMA(55). Still failing its 0.0% retrace (55.79). No daily 3LB changes (reversal is 55.13).
HYG/LQD
Bullish short day. Tested and held SMA(55). Midpoint below EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7842).
COPPER
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (3.681). No daily 3LB changes (reversal is 3.784).
AAPL
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 501.75).
CCI
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% retrace (557.71). No daily 3LB changes (reversal is 556.15).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
1 comments:
The bulls tried to make it to the mountaintop but the bears started an avalanche.
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