WaveTrack International

Elliott Wave Financial Price Forecasting

Inverted VIX

by m.tamosauskas| January 24, 2014 | No Comments

Inverted VIX

This chart is showing an updated correlation between S&P 500 and invertded VIX index. As can be seen the correlation is possitive and a negative divergence between these two creates a trend change event. The last negative divergence occoured in 2007. It took about one year to unfold but the SELL (S&P 500) signal proved to be right. Today we have very simmilar situation – a negative divergence is developing for about one year. However, S&P 500 is still in an uptrend since all the way back from 2012 there is no a single intermediate lower low. It needs to break below the December ’13 low of 1767.99 to confirm the signal.

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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