AmenRa's Corner 5/6/14

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bearish long 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
Bearish long day. Midpoint below EMA(10). Still failing the 38.2% retrace (80.33). Still failing all SMA's. New low on dally 3LB (reversal is 79.78).

VIX
Bullish short day. Midpoint above EMA(10). Now failing all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 12.48).

GOLD
Spinning top day. Midpoint above EMA(10). Still failing its 61.8% minor retrace (1316.10). Tested and held SMA(233). No daily 3LB changes (reversal is 1288.50). Must have the precious.

EURUSD
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 61.8% retrace (1.3749). New high on daily 3LB (reversal is 1.3793).

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

10YR YIELD
Bearish short 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
Bullish short day. Tested and failed SMA(233). Midpoint below EMA(10). Holding above its 38.2% retrace (99.10). No dally 3LB changes (reversal is 103.73).

SILVER
Bullish 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 19.17).

BKX
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Tested and failed its 38.2% minor retrace (67.42). New low on daily 3LB (reversal is 68.86).

HYG/LQD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 38.2% retrace (0.7907). Daily 3LB reversal down (reversal is 0.8043).

COPPER
Spinning top day. Midpoint above EMA(10). Holding above SMA(21,55). Holding above its 0.0% retrace (2.993). No daily 3LB changes (reversal is 3.336).

QQQ
Bearish long day. Midpoint above EMA(10). Tested and failed SMA(89,144). Tested and failed its 38.2% minor retrace (87.07). Daily 3LB reversal down (reversal is 87.95).

GSCI
Bearish short day. Midpoint below EMA(10). Holding above SMA(55,89,233). Still failing its 38.2% minor retrace (33.48). New low on daily 3LB (reversal is 33.30).

IWM
Bearish long day. Midpoint below EMA(10). Still failing SMA(21,55,89,144). Tested and failed its 50.0% minor retrace (110.76). Daily 3LB reversal down (reversal is 114.62).

IT HAS BEGUN. YOU HAVE BEEN WARNED.