Each has an effect on each other. Previously, SPY following USDJPY clearly, now hearing being tied also to oil, but is it really? Base forming in EURUSD, and OIL, EURUSD hitting off hard bottom support long term line looks like, even though ECB doing all it can to reach parity with Dollar. Now asking now the big questions, if dollar goes higher, at some point this is very bad quickly. Oil historically will not bounce hard, maybe just sideways, and the monthly "spinning candle of SPY, represented by the consolidation triangle, what will it do, which will it follow? Perhaps a new correlation model is forming now, the garden is fertile for this. Historically, by now SPY should have followed oil, but did not, now currencies supporting it causing what I have referred to previously as the "smelly rat" recent uptrend when we should have fallen SPY with oil. Now the dollar, and then if dollar falls? Do you really believe this "strong us economy" will hold up the entire world, when everything else, including the big China machine is falling ? You are not the bought and paid for media, you are your own money manager. Believe in the facts. First there was the GREAT DEPRESSION, then the GREAT RECESSION, now this is the GREAT DECEPTION. IMO