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A Volatile Q4 2017 Awaits U.S. Equities

Published 09/26/2017, 12:15 AM
Updated 07/09/2023, 06:31 AM

Further to my post yesterday (regarding GOP legislation failures), watch for an increase in volatility and a potential rotation out of equities (SPX) and into commodities (Gold and Oil) and currencies (US dollar) for Q4 of 2017.

With respect to volatility, watch for a potential "SELL" signal to form on the RSI, MACD and PMO technical indicators, as price whipsaws in between major resistance at 250 and major support at 200, as shown on the following SPX:VIX ratio chart.

SPX:VIX Daily 2012-2017

1-Year Daily Charts of Commodity ETFs and CommoditiesYTD Percentages Gained/Lost of Commodity ETFs, Commodities1-Year Daily Charts of Major CurrenciesYTD Percentages Gained/Lost Major Currencies

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