AmenRa's Corner 8/20/14

In a secret room in the subbasement of 33 Liberty Street...

In brightest day, in blackest night,

No shorts shall escape my sight

Let those who worship the shorts might,

Beware my power, PPT's light!!!

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Still failing the 0.0% retrace (1989.23). New high on daily 3LB (reversal is 1955.18). Still failing lower trend line and RSI(14) above 50.

DXY
Bullish long day. Midpoint above EMA(10). Tested and held the 61.8% minor retrace (81.96). Still above all SMA's. New high on dally 3LB (reversal is 81.60).

VIX
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 61.8% minor retrace (16.45). No daily 3LB changes (reversal is 10.61).

GOLD
Bearish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1319.20). Tested and failed SMA(89). No daily 3LB changes (reversal is 1293.00). Must have the precious.

EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (1.3455). New low on daily 3LB (reversal is 1.3413).

JNK
Bullish short day. Midpoint above EMA(10). Tested and held SMA(55,89). Holding above its 38.2% minor retrace (40.97). No daily 3LB changes (reversal is 41.15).

10YR YIELD
Bullish short day. Still failing all SMA's. Midpoint above EMA(10). Still failing its 50.0% retrace (24.92). Daily 3LB reversal up (reversal is 23.45).

WTI
Bullish piercing day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (93.15). No dally 3LB changes (reversal is 95.35).

SILVER
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 20.24).

BKX
Bullish long day. Midpoint above EMA(10). Tested and held SMA(21,89,144). Holding above its 38.2% minor retrace (67.42). Daily 3LB reversal up (reversal is 68.30).

HYG/LQD
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 38.2% retrace (0.7907). New high on daily 3LB (reversal is 0.7870).

COPPER
Bullish long day. Midpoint below EMA(10). Tested and held SMA(55,89,144,233). Tested and held its 50.0% minor retrace (3.175). No daily 3LB changes (reversal is 3.335).

QQQ
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (98.76). No daily 3LB changes (reversal is 96.93).

GSCI
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 50.0% minor retrace (30.83). No daily 3LB changes (reversal is 31.42).

IWM
Bullish short day. Midpoint above EMA(10). Tested and failed SMA(55). Holding above its 38.2% minor retrace (114.23). No daily 3LB changes (reversal is 110.68).

IT HAS BEGUN. YOU HAVE BEEN WARNED.