AmenRa's Corner 8/6/14

Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.

SPX
Spinning top day. Midpoint below EMA(10). Tested and held SMA(89). Still failing the 0.0% retrace (1989.23). No daily 3LB changes (reversal is 1987.01). Still failing lower trend line and RSI(14) below 50.

DXY
Doji day. Midpoint above EMA(10). Holding above the 38.2% retrace (80.33). Still above all SMA's. No dally 3LB changes (reversal is 81.21).

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

GOLD
Bullish long day. Midpoint above EMA(10). Still failing its 61.8% minor retrace (1316.10). Tested and held all SMA's. No daily 3LB changes (reversal is 1308.90). Must have the precious.

EURUSD
Spinning top day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 50.0% retrace (1.3455). No daily 3LB changes (reversal is 1.3411).

JNK
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (40.43). No daily 3LB changes (reversal is 41.00).

10YR YIELD
Hammer day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 50.0% retrace (24.92). No daily 3LB changes (reversal is 24.62).

WTI
Bearish short day. Now failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (98.24). New low on dally 3LB (reversal is 98.17).

SILVER
Bullish long day. Tested and failed SMA(89). Midpoint below EMA(10). Holding above its 0.0% retrace (18.66). No daily 3LB changes (reversal is 20.41).

BKX
Bullish short day. Midpoint below EMA(10). Still failing all SMA's. Holding above its 38.2% minor retrace (67.42). No daily 3LB changes (reversal is 71.85).

HYG/LQD
Bullish short day. Still failing all SMA's. Midpoint below EMA(10). Tested and held its 61.8% minor retrace (0.7765). No daily 3LB changes (reversal is 0.7856).

COPPER
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(55). Tested and failed its 50.0% minor retrace (3.175). New low on daily 3LB (reversal is 3.280).

QQQ
Bullish short day. Midpoint below EMA(10). Still failing SMA(21). Still failing its 0.0% retrace (97.34). New low on daily 3LB (reversal is 95.02).

GSCI
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 38.2% retrace (31.71). No daily 3LB changes (reversal is 32.39).

IWM
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% minor retrace (112.27). No daily 3LB changes (reversal is 114.24).

IT HAS BEGUN. YOU HAVE BEEN WARNED.