AmenRa's Corner 5/5/14

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Still failing the 0.0% retrace (1893.17). No daily 3LB changes (reversal is 1890.90). Still failing lower trend line and RSI(14) above 50.

DXY
Spinning top day. Midpoint below EMA(10). Still failing the 38.2% retrace (80.33). Still failing all SMA's. No dally 3LB changes (reversal is 80.22).

VIX
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(21). Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 12.48).

GOLD
Bullish short day. Midpoint above EMA(10). Still failing its 61.8% minor retrace (1316.10). Tested and held SMA(233). New high on daily 3LB (reversal is 1300.80). Must have the precious.

EURUSD
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (1.3749). No daily 3LB changes (reversal is 1.3712).

JNK
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21,55). Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.05).

10YR YIELD
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 61.8% retrace (27.41). No daily 3LB changes (reversal is 26.28).

WTI
Spinning top day. Tested and failed SMA(233). Midpoint below EMA(10). Tested and held its 38.2% retrace (99.10). No dally 3LB changes (reversal is 103.73).

SILVER
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Holding above its 0.0% retrace (18.58). New high on daily 3LB (reversal is 19.04).

BKX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 69.92).

HYG/LQD
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7940).

COPPER
Bearish short day. Midpoint above EMA(10). Tested and held SMA(55). Holding above its 0.0% retrace (2.993). No daily 3LB changes (reversal is 3.336).

QQQ
Bullish long day. Midpoint above EMA(10). Tested and held SMA(89). Tested and held its 38.2% minor retrace (87.07). New high on daily 3LB (reversal is 87.53).

GSCI
Bearish short day. Midpoint below EMA(10). Tested and held SMA(55). Still failing its 38.2% minor retrace (33.48). New low on daily 3LB (reversal is 33.33).

IWM
Bullish short day. Midpoint below EMA(10). Still failing SMA(21,55,89,144). Tested and held its 50.0% minor retrace (110.76). No daily 3LB changes (reversal is 110.41).

IT HAS BEGUN. YOU HAVE BEEN WARNED.