VIX - THE FEAR INDEX, YOUR GUIDE TO DIRECTIONAL BIAS

As the Equities continue its march higher to important resistance or surpassing its previous high, VIX the fear gauge continue to plunge to lower level noted back in 2007. It is quite Volatile but the general trend is to the down side as it will likely continue to form lower lows and lower highs. Higher Equities normally accompanies weaker Dollar, where most Dollar denominated Currencies (EURUSD in particular) and other Financial Assets will gain in varying degree. This supports my longer term view over next several months higher Equites & EURUSD. Check out my EURUSD chart long term bullish published about a week & ago.