This Black chart was posted on http://bigpicture.typepad.com/ & he is calling for more downside on SPX.
This is VIX vs. SPX correlation(inverse) chart. Currently it is @ -0.613. The usual correlation between these two is above -0.90. So we are seeing divergence here. One of them is not priced right. And also, VIX is @ important resistance level right now speaking from trendline.
This Chart is USD/JPY spot 4hr. This pair is currenly in upward channel, but going for downside correction. So correlation of USD/JPY & SPX is giving indication for short term downward in SPX.
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This Black chart was posted on http://bigpicture.typepad.com/ & he is calling for more downside on SPX.
This is VIX vs. SPX correlation(inverse) chart. Currently it is @ -0.613. The usual correlation between these two is above -0.90. So we are seeing divergence here. One of them is not priced right. And also, VIX is @ important resistance level right now speaking from trendline.
This Chart is USD/JPY spot 4hr. This pair is currenly in upward channel, but going for downside correction. So correlation of USD/JPY & SPX is giving indication for short term downward in SPX.
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