AmenRa's Corner 8/26/14

...can prevent market melt ups on no volume.

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (2001.95). New high on daily 3LB (reversal is 1986.51). Still failing lower trend line and RSI(14) above 50.

DXY
Dragonfly doji day. Midpoint above EMA(10). Tested and held the 50.0% minor retrace (82.46). Still above all SMA's. New high on dally 3LB (reversal is 82.25).

VIX
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (11.50). No daily 3LB changes (reversal is 10.61).

GOLD
Bullish short day. Midpoint below EMA(10). Still failing its 61.8% minor retrace (1319.20). Still failing all SMA's. No daily 3LB changes (reversal is 1315.70). Must have the precious.

EURUSD
Bearish short 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 1.3265).

JNK
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.97). New high on daily 3LB (reversal is 41.31).

10YR YIELD
Spinning top day. Still failing all SMA's. Midpoint above EMA(10). Still failing its 50.0% retrace (24.92). No daily 3LB changes (reversal is 23.45).

WTI
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (95.22). No dally 3LB changes (reversal is 95.35).

SILVER
Bearish short day. Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 19.52).

XLF
Bullish short day. Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (23.39). New high on daily 3LB (reversal is 22.93).

COPPER
Bearish long day. Midpoint above EMA(10). Tested and held SMA(21,55). Tested and failed its 38.2% minor retrace (3.219). No daily 3LB changes (reversal is 3.335).

QQQ
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and held its 0.0% retrace (99.25). New high on daily 3LB (reversal is 98.90).

GSCI
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and held its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 31.42).

IWM
Bullish long day. Midpoint above EMA(10). Now above all SMA's. Holding above its 38.2% minor retrace (114.23). New high on daily 3LB (reversal is 115.04).

IT HAS BEGUN. YOU HAVE BEEN WARNED.