Further to
my post of September 25 (regarding GOP legislation failures), watch for an increase in
volatility and a potential
rotation out of
equities (SPX) and into
commodities (GOLD and OIL) and
currencies (US Dollar) for
Q4 of 2017.
With respect to volatility, watch for a potential
"SELL" signal to form on the RSI, MACD and PMO technical indicators, as price whipsaws in between major resistance at
250 and major support at
200, as shown on the following
SPX:VIX ratio chart.
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| SPX:VIX Daily Ratio chart |
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| 1-Year Daily charts of Commodity ETFs & Commodities |
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| Year-to-date Percentages Gained/Lost graph of Commodity ETFs & Commodities |
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| 1-Year Daily charts of Major Currencies |
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| Year-to-date Percentages Gained/Lost graph of Major Currencies |
