VIX Index - Has now clearly broken above resistance and should at least see a continuation higher towards 21.85, but I wouldn't be surprised to see a rally even higher towards 26.86. A rally this high should transfer to a decline towards support near 12.285 in the Dow Jones Industrial Index (see below).
Dr. Copper - Has clearly broken below support near 370 and we should see a decline towards the neckline support near 311 any break below here will call for a much deeper decline in Copper.
Copper is normally leading the economy and could be a warning, that the global economy is cooling
Junk Bonds (JNK) - Here too we have see a top-formation triggered and calling for a much deeper decline. Junk Bonds has been one of the leaders since September 2011 and the trigger of the S/H/S top is another clue that risk aversion is on the rise.
Crude Oil - The possible Inverted S/H/S bottom has been invalidated with the clear break below 103.45. The rally from 74.95 has once again stalled at the Pitchfork mid-line and a break below 99.90 will call for a continuation towards the Pitchforks support-line near 90.00. We might even be building some kind of twisted S/H/S top-formation, but to activate that formation a break below 74.95 is needed.
Dow Jones Industrial Index - We closed below strong support at 12.735 yesterday, which has open up for a continuation towards next support at 12,500 and important support at 12,285.
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