Eoin Treacy's view Price action represents the reality in markets.

VIX Index – hit a new low yesterday but bounced today suggesting that the short-term oversold condition may be in the process of being unwound. This suggests the pattern of consecutive advances on the stock markets has at least paused.

FTSE-100 – temporarily overextended, following an impressive advance since late February and may be about to form another ranging ‘step' in what has so far been a consistent four-month uptrend.

Lumber – continues to test the upper side of its three-month range and a sustained move below $370 would be required to question potential for a successful upward break.

Mexican Peso spot – the US Dollar has held a progression of lower rally highs against the Peso since June and hit a new 18-month low today. While somewhat oversold in the short term, a sustained move back above MXN13 would be required to question medium-term potential for continued lower to lateral ranging.