Always consider hidden risks
The VIX/ Gold Correlation US Dollar and SP500: Still Expecting High Volatility Ahead ?
 Feb 9 ​( 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 0.70 on February 5 and
​VIX ​still over 14, indicating still high volatility ahead...
Observe the Broken Support Trendline in a Downward Channel for the US Dollar ​( broken on the upside ).
​See first chart below.

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

SP500 index is having a triple top pattern at the 2064.5 level.​
See 2nd chart below...

The VIX/ Gold Correlation US Dollar and SP500: Still Expecting High Volatility Ahead ? $SPY, $SPX, $ES_F, $VIX, , $GLD, $GC_F,  USDX
VIX ( Top Panel )​
VIX over Gold Correlation ( Middle Panel )
​​SP500 Index ( Bottom Panel )
VIX ( Top Panel )​
VIX over Gold Correlation ( Middle Panel )
​​US Dollar Index ( DXY - Bottom Panel )