FINANCIAL ICEBERG
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 TECHNICALS
The VIX/ Gold Correlation US Dollar and SP500: Still Expecting High Volatility Ahead ?
 Jan 20 ​( From Stockcharts  )
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The Situation

​

​​​In these still too complacent times, it is interesting to look the behavior ( correlation ) of the VIX and the Gold in relation ​to the Mighty US Dollar (USD-DXY) and SP500 Index.

​​​​As shown by the charts below, this correlation tells that the risks have just started to be fully priced into the foreign exchange market yet in terms of volatility:
expect more volatility in the US Dollar and SP500 in the next few sessions...​​

​​​​​VIX/GOLD correlation getting near 0.75 on January 16 and 
​VIX ​still over 14, indicating still high volatility ahead...
Observe the rising wedge for the US Dollar 
​( broken on the upside ). See first chart below.
​
SP500 index is rebounding on the support trendline and the 
​150 DMA ( Day Moving Average )​ See 2nd chart below...

Last time the US Dollar Index was at that level was in 
​November 2003...
​




The VIX/ Gold Correlation US Dollar and SP500: Still Expecting High Volatility Ahead ? $SPY, $SPX, $ES_F, $VIX, ,
$GLD, $GC_F,  USDX 


CORRELATION
VIX over Gold ( Top Panel )
​​SP500 Index ( Bottom Panel )
​SP500 Index 150 DMA ( Day Moving Average - Bottom Panel - Blue Line  )



CORRELATION

VIX over Gold
( Top Panel )
​​US Dollar Index ( DXY - Bottom Panel )