AmenRa's Corner 9/4/14

Posted by AmenRa on Thursday, September 4, 2014 /



Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.


SPX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (2006.12). Daily 3LB reversal down (reversal is 2003.37). Still failing lower trend line and RSI(14) above 50.



DXY
Dragonfly doji day. Midpoint above EMA(10). Tested and held the 38.2% minor retrace (82.96). Still above all SMA's. New high on dally 3LB (reversal is 82.75).



VIX
Spinning top day. Midpoint above EMA(10). Tested and held SMA(55,89). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 10.61).



GOLD
Spinning top day (didn't confirm bullish harami). 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 LONG day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 38.2% retrace (1.3157). New low on daily 3LB (reversal is 1.3174).



JNK
Bearish long day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 38.2% minor retrace (40.97). New low on daily 3LB (reversal is 41.39).



10YR YIELD
Bullish long day. Tested and held SMA(21). Midpoint above EMA(10). Still failing its 50.0% retrace (24.92). Daily 3LB reversal up (reversal is 23.34).



WTI
Bearish short day. Tested and failed SMA(21). Midpoint above EMA(10). Tested and failed its 38.2% retrace (95.22). No dally 3LB changes (reversal is 92.86).



SILVER
Bearish short day (didn't confirm bullish harami). Still failing all SMA's. Midpoint below EMA(10). Holding above its 0.0% retrace (18.74). New low on daily 3LB (reversal is 19.61).



XLF
Doji day (didn't confirm bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (23.44). No daily 3LB changes (reversal is 23.20).



COPPER
Bullish short day. Midpoint below EMA(10). Tested and held SMA(144). Tested and failed its 61.8% minor retrace (3.152). No daily 3LB changes (reversal is 3.355).



QQQ
Bearish short day (confirmed bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Tested and failed its 0.0% retrace (99.91). New low on daily 3LB (reversal is 100.07).



GSCI
Bearish short day. Midpoint above EMA(10). Tested and held SMA(144). Tested and held its 61.8% minor retrace (31.04). No daily 3LB changes (reversal is 30.82).



IWM
Bearish short day (confirmed bearish engulfing). Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (114.23). No daily 3LB changes (reversal is 115.44).







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.