USD Index - I'm still looking for the neckline support near 79.25 to protect the downside for a new rally higher towards 82.60 and 87.50 later on.However the risk is of cause a clear break below the neckline support, which will delay the upside progress and call for a decline towards support near 76.40 before the next rally higher.
EUR/USD - We are currently testing the resistance area between 130.85 - 131.35, which I expect will hold for the next decline towards strong support near 125.50. Long term I still prefer a much deeper decline, but as long as support at 125.50 hasn't given away this is only speculations.The short term risk is a break above 131.35, which will call for a continuation higher towards 133.35 the former neckline support, which has now turned into resistance.
USD/JPY - We finally got the break above the long term falling trend line resistance near 77.50 and we should see a test of the neckline resistance near 78.85 and a break above here will confirm the next rally towards 82.80.
USD/JPY - We finally got the break above the long term falling trend line resistance near 77.50 and we should see a test of the neckline resistance near 78.85 and a break above here will confirm the next rally towards 82.80.In the bigger picture we should now have seen an important bottom at 75.57 (the call is still a bit early...) and a rally back towards the apex near 115 should be see. 
VIX index - We now have a second close within the Bollinger Band, which confirms the test of 18.16 as being the bottom. We should soon see the mid-band near 21.13 and wedge resistance near 22.16 broken for a move higher towards 24.40 and 26.40 as the next resistance points.
Dow Jones Industrial - We have seen a small throw over and resistance at 12,752 cap the rally from 11,231. However we need a break below 12,500 to confirm the top and call for renewed downside pressure towards support at 11,231 again and longer term even lower towards the neckline support near 10,600.
VIX index - We now have a second close within the Bollinger Band, which confirms the test of 18.16 as being the bottom. We should soon see the mid-band near 21.13 and wedge resistance near 22.16 broken for a move higher towards 24.40 and 26.40 as the next resistance points.
Dow Jones Industrial - We have seen a small throw over and resistance at 12,752 cap the rally from 11,231. However we need a break below 12,500 to confirm the top and call for renewed downside pressure towards support at 11,231 again and longer term even lower towards the neckline support near 10,600.Be aware of a clear break above 12,752 as that would confirm the underlying uptrend and call for a continuation higher towards 12,807 as the next resistance.
S&P 500 - We will be meeting the Apex of the "Triangle" formation today and this often marks the top of the triangle-thrust. We can also see, the the rising supports are broken one by one and risk clearly is turning to the downside. Be alert up here, but only a break below 1,300 will add value to the call for a top.
S&P 500 Weekly
CRB Index - Is at double resistance again. I still favor this double resistance to protect further upside progress and a break below 309 and more importantly 306.80, which will invalidate the possible inverted S/H/S formation which has been building since November 2011. For this formation to be activated it will take a break above neckline resistance at 316.15. A break above 316.15 (not the preferred outcome) will call for a continuation higher towards 339.
Gold - Here too we have see double resistance at 1,681 protect the upside, but we need a break below 1,644 to confirm the top and a call for a decline back towards the neckline support near 1,520. The risk is of cause a break above 1,681 that would call for a rally higher towards 1,750 and 1,800 and possibly even higher longer term.
Crude oil - Has broken below the rising support line since October 2011. Risk is again turning towards the downside, but we need a break below support at 97.40 and more importantly 92.52 to confirm the next big decline towards 75.
S&P 500 - We will be meeting the Apex of the "Triangle" formation today and this often marks the top of the triangle-thrust. We can also see, the the rising supports are broken one by one and risk clearly is turning to the downside. Be alert up here, but only a break below 1,300 will add value to the call for a top.In the bigger picture (see the chart below) we haven't seen the resistance-line from the 2007 high and 2011 high broken as is the case with the DJI-Index, this should be a warning too.
Risk of cause is a clear break above the long term resistance line at 1,328, which would call for a continuation higher towards the 1,335 - 1,340 area.
S&P 500 Weekly
CRB Index - Is at double resistance again. I still favor this double resistance to protect further upside progress and a break below 309 and more importantly 306.80, which will invalidate the possible inverted S/H/S formation which has been building since November 2011. For this formation to be activated it will take a break above neckline resistance at 316.15. A break above 316.15 (not the preferred outcome) will call for a continuation higher towards 339.
Gold - Here too we have see double resistance at 1,681 protect the upside, but we need a break below 1,644 to confirm the top and a call for a decline back towards the neckline support near 1,520. The risk is of cause a break above 1,681 that would call for a rally higher towards 1,750 and 1,800 and possibly even higher longer term.
Crude oil - Has broken below the rising support line since October 2011. Risk is again turning towards the downside, but we need a break below support at 97.40 and more importantly 92.52 to confirm the next big decline towards 75.Risk is of cause a break above 103.40 and more importantly the resistance line near 106.40, that would call for a rally back towards the 114 - 115 area.
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