Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1798.22). No daily 3LB changes (reversal is 1762.11). Still failing lower trend line and RSI(14) above 50.
DXY
Spinning top day. Midpoint below EMA(10). Holding above the 38.2% retrace (80.33). Tested and held SMA(55). No dally 3LB changes (reversal is 80.24).
VIX
Bullish long day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 61.8% minor retrace (16.45). Daily 3LB reversal up (reversal is 12.19).
GOLD
Bearish long 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 above EMA(10). Tested and failed SMA(55). Holding above its 50.0% retrace (1.3453). Daily 3LB reversal up (reversal is 1.3356).
JNK
Bearish short day. Midpoint above EMA(10). Tested and failed SMA(21,233). Tested and held its 61.8% minor retrace (40.43). No daily 3LB changes (reversal is 40.22).
10YR YIELD
Bearish short day. Tested and failed SMA(55). Midpoint above EMA(10). Still failing its 61.8% retrace (27.41). No daily 3LB changes (reversal is 26.62).
WTI
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 61.8% minor retrace (94.37). New low on dally 3LB (reversal is 95.26).
SILVER
Bearish long 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 21.17).
BKX
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (62.12). No daily 3LB changes (reversal is 65.52).
HYG/LQD
Bearish short day. Tested and held SMA(55,89). Midpoint below EMA(10). Tested and held its 61.8% retrace (0.8137). No daily 3LB changes (reversal is 0.8034).
COPPER
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (3.190). No daily 3LB changes (reversal is 3.389).
AAPL
Bearish short day. Tested and failed 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
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 30.84).
IWM
Bearish long day. Midpoint above EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (111.49). No daily 3LB changes (reversal is 107.28).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
2 comments:
The market may be higher but someone is buying a lot of OOM puts since SKEW has been rising (as of 11/7/13) while VIX has been falling (as of 11/7/13 also).
Is all of the hoopla about Bitcoin due to the fact it's free of government manipulation?
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