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The ancients would use the entrails of a carcass for their predictive powers, but I rely on my model rockets. On Monday, during the throes of the Brussells Greco-salvation, I did my latest launch, and the Euro pretty much played out as the rocket predicted, right down to the woeful admonitions prior to the launch from nearby geese. (Listen as they join the countdown). In any case, I'm expecting the Euro to ultimately end with a thud, just like my cylindrical friend here.
I was saying on Friday morning that a lower close on Vix that day would confirm a Vix Buy (equities) Signal, and also a bearish engulfing candlestick on the Vix daily chart. Vix confirmed both on Friday and that very much needs to be borne in mind as a strong warning signal here for equity bears. The situation is more complex than that of course, with the bullish (for Vix) falling wedge giving strong support at the broken upper trendline in the 16 area, but obviously we might well see another retest of that broken wedge resistance in the near future
