Current S&P 500 is around 17% under its historical high which was 1575 if we synchronize the coordinate system ..
But the road to the top will be bumpy and the top would be around 2500~2600 in theory ..
This target is what DOLLAR tells us ..
and Dollar is a necessary condition, not a sufficient condition .. important part of the sufficient condition is Money Flow.
After China market crash, money could have come back. If this part of money stays in US , then US market will continue
its upward course regardless of the rake hike.