I rarely make such pronouncements, but I think the evidence points to a substantial selloff in stocks and a very large rally in the USD commencing immediately. Commodities, including precious metals, should also participate in the downside.
I have been reluctant to counter trend trade since March, but since the uptrend is violated and there is a short term downtrend we can go ahead and put on a reasonable short position. My target is the 200 EMA on the SPX.
If you are short USD I think you'd better cover because you have a lot of company. When the entire planet hits the buy button at the same time it's called a short covering PANIC.