A Volatile 2017 Q4 Awaits US Equities

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Further to my post of September 25 (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 Ratio chart

1-Year Daily charts of Commodity ETFs & Commodities

Year-to-date Percentages Gained/Lost graph of Commodity ETFs & Commodities

1-Year Daily charts of Major Currencies

Year-to-date Percentages Gained/Lost graph of Major Currencies