"Check This Out" --- "SP 500 VIX and the US Dollar Index"
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a = SP 500 VIX = Monthly Chart --- December, 1993 low = 9.30
"I" wonder what the US Dollar Index did ? --- Check it out.
b = SP 500 VIX = Monthly Chart --- December, 2006 low = 8.60
"I" wonder what the US Dollar Index did --- Check it out.
c = SP 500 VIX = On 11-24-2017 --- SP 500 VIX low = 8.60
"I" wonder what the US Dollar Index will do ?
"I" think this is very interesting. --- What do you think ?
This for information only.
Olu
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@jeffreyjim, Hi Thanks for your post. I have checked out the long term VIX and one thing that I can see from the chart is that price is right now at historical lows which sort of translates to the possibility that the next major direction in the stock market is down. Will check out the actions of the DXY at those specific points
Dec 1993 Price fell from then on (17 full points to the next main low)
Dec 2006 Price fell from then on (20 full points to the next main low
Needless to say, inferring from these observation of the behavior of DXY at record low VIX readings, there is a possibility of major weakness in the DXY. We will see...
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a = SP 500 VIX = Monthly Chart --- December, 1993 low = 9.30
"I" wonder what the US Dollar Index did ? --- Check it out.
b = SP 500 VIX = Monthly Chart --- December, 2006 low = 8.60
"I" wonder what the US Dollar Index did --- Check it out.
c = SP 500 VIX = On 11-24-2017 --- SP 500 VIX low = 8.60
"I" wonder what the US Dollar Index will do ?
"I" think this is very interesting. --- What do you think ?
This for information only.