VIX is heading to 150, the crash is just two steps away

VIX is uptrending, and the correction is nearly completed.

What to expect next:
1) VIX should develop the primary wave 1 hitting 50..60.
2) A correction to ~40 should ensue.
3) The real crash of all indices happens next, pushing VIX to ~150 in wave 3 and 5.

The rising VIX mirrors the increasingly instable equity and debt markets. Note the clear downtrends in Deutsche Bank (the most systemically dangerous bank) and in Treasuries.

I think Deutsche is heading to zero this time. The reporting is due this week, then a drop to 6..7, accompanies by VIX at 50..60. Then a brief correction, and then everything crashes in the most wild manner that the world has ever seen.

We are dealing with the final leg of risk-off move echoing back to as far as 2008 crash, and cross-asset correlations tend to increase towards the end of risk-off. Expect to see the Euro and other base pairs to fall sharply together with stocks and Crude. I maintain my targets of EUR below 0.9 and GBP below 1.10. SPX can try to approach 1000.
Wave Analysis

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