EUR/USD - The correction in wave ii of 3 became slightly bigger than I expected, but it has changed nothing in the bigger picture. We should now be headed for support near 129.73 and more likely a continuation deeper towards strong support near 126.00.If my count is correct then we are now entering the part of the trend which is the most powerful, therefore expect a quick move to the downside.
VIX Index - Continues to make new lows, while S&P 500 and DJI does not. Yesterday we closer outside the lower Bollinger Band, which is a warning, that we shall see at least a move towards the mid-band near 18, but a break above here will leave the upper Bollinger Band near 20.80 as the next target. Longer term I'm still looking for a break above the neckline resistance (also near 20.80) which will call for a rally much higher.
VIX Index - Continues to make new lows, while S&P 500 and DJI does not. Yesterday we closer outside the lower Bollinger Band, which is a warning, that we shall see at least a move towards the mid-band near 18, but a break above here will leave the upper Bollinger Band near 20.80 as the next target. Longer term I'm still looking for a break above the neckline resistance (also near 20.80) which will call for a rally much higher.The divergence between the VIX-Index (new lows) and S&P 500 + DJI (no new highs) is also a warning, that not all is okay.
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