Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Tested and held the 0.0% retrace (1775.22). Daily 3LB reversal up (reversal is 1747.15). Still failing lower trend line and RSI(14) above 50.
DXY
Bearish long day. Midpoint above EMA(10). Holding above the 38.2% retrace (80.33). Tested and failed SMA(89). No dally 3LB changes (reversal is 80.24).
VIX
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Still failing its 61.8% minor retrace (16.45). New low on daily 3LB (reversal is 13.91).
GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1326.90). Still failing all SMA's. No daily 3LB changes (reversal is 1369.30). Must have the precious.
EURUSD
Spinning top day. Midpoint below EMA(10). Tested and held SMA(89). Tested and held its 50.0% retrace (1.3453). No daily 3LB changes (reversal is 1.3493).
JNK
Bullish long day. Midpoint below EMA(10). Tested and held SMA(144). Still failing its 61.8% minor retrace (40.43). No daily 3LB changes (reversal is 40.43).
10YR YIELD
Bearish short day. Still above all SMA's. Midpoint above EMA(10). Tested and failed its 61.8% retrace (27.41). No daily 3LB changes (reversal is 26.62).
WTI
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (93.84). No dally 3LB changes (reversal is 96.38).
SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% minor retrace (23.14). New low on daily 3LB (reversal is 21.73).
BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (62.12). No daily 3LB changes (reversal is 64.70).
HYG/LQD
Bullish short day. Still above all SMA's. Midpoint above EMA(10). Tested and held its 61.8% retrace (0.8137). No daily 3LB changes (reversal is 0.8034).
COPPER
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Tested and failed its 61.8% minor retrace (3.190). No daily 3LB changes (reversal is 3.389).
AAPL
Bullish short day. Tested and held SMA(21). Midpoint below EMA(10). Holding above its 50.0% retrace (509.60). Holding above BB(2,200). No daily 3LB changes (reversal is 508.89).
GSCI
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 31.38).
IWM
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,144). Still failing its 0.0% retrace (111.49). Daily 3LB reversal up (reversal is 107.28).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
What can anyone say? It's obvious that the market will continue higher until QE ends. The problem is that something is going to break before then.
New.
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