I think the dollar makes yet another move higher short term, with Japan expected to do more QE, emerging markets hurting and yet even more currency devaluing their only alternative ( see India's latest 1% move). But their is a TIPPING POINT to currency devaluing, see Brazil. The US FED needs inflation, and cannot get it until everyone else stops devaluing currencies and dollar drops. Gencore and copper prices both failing and falling. Everything points to yet another drop in oil to the right shoulder completion levels, or further? The completion of the RS may actually cause failures and collapses in OIl based economies, both corporate and EM countries. DOWT leads, lower oil was good, then too low as bad, dollar higher effecting international commerce, and lower gas helped people, but many saved the savings rather than spend it. Japan's latest manufacturing output lowered yet again, indicating contracting Asian economies (China too). Its a long running train this trend, slow to stop and turn around. When oil dips yet again, the markets will feel it, and any kinds of QE will this time be ineffective. If anyone could qualify and needed to borrow at zero to do anything, they have already done it. Fed raises rates in December, really, who cares, too little too late, and raise when by then bad news will continue? Raising rates will only increase dollar strength, when the ONLY THING THAT CAN SAVE THIS MARKET IS RISING COMMODITIES AND INFLATION. The pitch fork rules and Oil's HS RS completes, for now. After that, although the charts would suggest a huge bounce in everything, if OIL does not, representing even higher dollar and lower commodities, watch out below stock market, where she stops no one knows. Watching for the flight to safety Gold trade, and still do not see it. If that happens, could be a panic stock sell flash crash. Gold is your sign, because High yield bonds are junk, safe bonds are not safe anymore, cash will devalue.