Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bearish engulfing day. Midpoint above EMA(10). Still above all SMA's. Still failing the 0.0% retrace (1563.32). No daily 3LB changes (reversal is 1544.26). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXY
Spinning top day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Still above all SMA's. No dally 3LB changes (reversal is 82.13).
VIX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,55). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).
GOLD
Bullish short day. Midpoint above EMA(10). Tested and held its 61.8% retrace (1609.30). Holding above SMA(21). No daily 3LB changes (reversal is 1615.50). Must have the precious.
EURUSD
Bearish short day. Midpoint below EMA(10). Still below all SMA's. Still failing its 38.2% retrace (1.3145). No daily 3LB changes (reversal is 1.3003).
JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 41.05).
10YR YIELD
Bearish short day. Tested and failed SMA(55). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (19.37). No daily 3LB changes (reversal is 18.53).
WTI
Bearish long day. Tested and failed SMA(21,89). Midpoint above EMA(10). Still failing its 61.8% minor retrace (93.72). No dally 3LB changes (reversal is 91.05).
SILVER
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).
BKX
Bearish long day. Midpoint above EMA(10). Still above all SMA's. Still failing its 0.0% retrace (57.33). Daily 3LB reversal down (reversal is 57.52).
HYG/LQD
Spinning top day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7850).
COPPER
Doji day (didn't confirm bullish engulfing). Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 61.8% minor retrace (3.454). No daily 3LB changes (reversal is 3.555).
AAPL
Bullish short day. Holding above SMA(21). Midpoint above EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 420.05).
CCI
Bullish short day. Midpoint above EMA(10). Holding above SMA(21). Still failing its 38.2% retrace (557.71). No daily 3LB changes (reversal is 556.38).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
Coincidence?
http://armstrongeconomics.com/693-2/2013-2/10062-2/
Todays move is all about getting the SPX to take out its previous high before all hell breaks loose with Cyprus.
Oh well SPX. Maybe next time.
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