INDEX:VIX CBOE Volatility Index
In order to answer the question of Market direction over the next week or so or perhaps little longer I think this can help as part of the co-relationship analysis. It is known fact that whilst this continues to decline (possibly heading to 13 level), the in general will continue to rally. Whilst continue to rally, currency pairs like EURUSD , GBPUSD etc will continue to gain and Dollar Index decline. The relationship between , Dollar Index & is not 100% but close for our consideration. Also it is important to recognise that some times lead and at other times it follows the at major turning points.