If the DXY (US Dollar Index) breaks below 90, the S&P 500 will break out of its current channel and enter 'absolute price discovery'.
"If the dollar breaks down below this channel over here and goes towards 90, then what could happen is that the S&P 500 could also break because it is a gauge for risk assets. This could mean that the S&P 500 breaks out of this channel. If we break out of this channel, then instead of the correction that everyone has been expecting, we can expect absolute price discovery."