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Showing posts with label VIX. Show all posts
SPX × US$ Index × USD/JPY × VIX
- USD/JPY is about to rise back to 108.30 level.
- VIX is about to fall to previous support level near 16.
- But SPX hasn't finished it's correction to near 1200(speaking from Trendline channel.)
- US $ Index is heading upward to 74 level which is bear for Crude & Gold.
- If you notice, currently there is a divergence going on between SPX & USD/JPY. Historical Correlation Ratio says that these two move in same direction between 80-90%, sometimes more than 90%.
SPX × USD/JPY × VIX
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.
