posted this chart previously
UUP (USD)
6 mth daily
the USD is now at the bottom of the channel . IF it breaks $26.75? In No Man's land, and a possible catalyst for Gold to break $1800. A Bounce here , could lead to a pullback in the metals/miners. The correlation is not 100%
VIX
6 mths daily
BATTERED....does she have ANY fight left?.....its double bottom or gettin' closer to fill the gap. The VIX ALWAYS ALWAYS fills its gaps. that gap is going to fill in time...........the VIX is inversely related to the spy
SPY
2 yr weekly
the week is not done of course,, nonetheless , but its clear the SPY broke the top of the box, ....congratualtions r in order(<)<
UE this friday. expected to bring the tally to a STUNNING 39 million
April saw a 26% increase in bankruptcies
popcorn-eatinggif