AmenRa's Corner 7/16/14

Posted by AmenRa on Wednesday, July 16, 2014 /
"It's too late. There is no escape."



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Bullish short day. Midpoint above EMA(10). Still above al SMA's. Tested and held the 0.0% retrace (1978.58). No daily 3LB changes (reversal is 1959.48). Still failing lower trend line and RSI(14) above 50.



DXY
Doji day. Midpoint above EMA(10). Tested and held the 38.2% retrace (80.33). Now above all SMA's. New high on dally 3LB (reversal is 79.78).



VIX
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and failed its 0.0% retrace (11.50). No daily 3LB changes (reversal is 12.65).



GOLD
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1316.10). Tested and held SMA(233). No daily 3LB changes (reversal is 1339.20). Must have the precious.



EURUSD
Bearish long day. Midpoint below EMA(10). Now failing all SMA's. Still failing its 61.8% retrace (1.3753). New low on daily 3LB (reversal is 1.3649).



JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89). Holding above its 38.2% minor retrace (40.97). New low on daily 3LB (reversal is 41.53).



10YR YIELD
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 50.0% retrace (24.92). No daily 3LB changes (reversal is 25.02).



WTI
Bullish long day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 50.0% retrace (102.62). No dally 3LB changes (reversal is 103.40).



SILVER
Doji day. Tested and failed SMA(233). Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). New low on daily 3LB (reversal is 21.30).



BKX
Bearish long day. Midpoint above EMA(10). Tested and held SMA(21). Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 70.26).



HYG/LQD
Bearish 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 0.7915).



COPPER
Bearish long day. Midpoint below EMA(10). Still above all SMA's. Tested and failed its 38.2% minor retrace (3.219). No daily 3LB changes (reversal is 3.204).



QQQ
Bearish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (96.13). New high on daily 3LB (reversal is 95.10).



GSCI
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 50.0% retrace (32.26). No daily 3LB changes (reversal is 33.19).



IWM
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(89,144). Tested and held its 38.2% minor retrace (114.23). New low on daily 3LB (reversal is 115.25).







IT HAS BEGUN. YOU HAVE BEEN WARNED.

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This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.