Technical Analysis: All Elliot Waves are following Fibonacci rations perfectly! Has been in downtrend for quote a while now, no signs of reversal yet.
Fundamental Analysis: Even if Fed hiking rates, the USD is not garnering capital. (perhaps the rate hikes were not only priced in but overpriced into market?) Trump does not necessarily want a strong USD.
My big concern for this plan is my current wave 4 might end up being a bottom due to long corrective pattern.