Till 29 Jan 2018, Everything was in order but after that correction DAX & Nikkei got out of sync with SPX500 & Nifty. The divergence is clearly visible and if both DAX & Nikkei breaks the recent low then it could be the start of the next bearish markets which are long pending since 2008. And the EW wave count on NIfty & SPX500 is showing wave 5 of wave 5 ( a top in sight ) and on other hand Dollar Index is becoming bullish day by day. Any further rally in DXY would derail the last standing emerging markets and with it the SPX500.