Reckon an Elliot Waver would be expecting one more leg lower. Seems clearer here than looking at SPX. Price action isn't looking particulary bullish with obvious resistance circa 1131
The dollah has many challengers now, these are people who aren't going to be pushed around. Hope they (the US) don't lash out against what I believe is inevitable given time. Remember how many smaller nations have been destroyed because they sought to trade in something other than FRN's