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 (1589.07). New high on daily 3LB (reversal is 1553.28). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXY
Bearish short day. Midpoint below EMA(10). Tested and failed the 38.2% minor retrace (82.46). Still failing SMA(21). No dally 3LB changes (reversal is 82.13).
VIX
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).
GOLD
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% retrace (1610.90). Still failing all SMA's. No daily 3LB changes (reversal is 1552.40). Must have the precious.
EURUSD
Bullish short day. Midpoint above EMA(10). Tested and held SMA(144). Holding above its 61.8% minor retrace (1.2770). New high on daily 3LB (reversal is 1.2944).
JNK
Spinning top day. Midpoint above EMA(10). Now above all SMA's. Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 40.84).
10YR YIELD
Bearish short day. Tested and failed SMA(144). Midpoint below EMA(10). Holding above its 38.2% minor retrace (17.47). No daily 3LB changes (reversal is 18.39).
WTI
Bearish long day. Tested and failed SMA(21,89). Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (93.72). No dally 3LB changes (reversal is 96.58).
SILVER
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 100.0% retrace (26.91). No daily 3LB changes (reversal is 27.95).
BKX
Doji day. Midpoint above EMA(10). Now above all SMA's. Still failing its 0.0% retrace (57.33). No daily 3LB changes (reversal is 54.68).
HYG/LQD
Bearish long day. Tested and failed SMA(55). Midpoint above EMA(10). Holding above its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7831).
COPPER
Bullish short day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 50.0% minor retrace (3.381). No daily 3LB changes (reversal is 3.333).
AAPL
Spinning top 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 461.91).
CCI
Sp;inning top day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% retrace (547.13). No daily 3LB changes (reversal is 542.91).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
3 comments:
Holy smokes Batman! Gold is getting beatdown as if it said something bad about someone's momma.
Each time there was a massive gold selloff some large financial institution was dealing with margin calls.
New.
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