On Friday I took an in-depth look at the overall market and pointed out a number of reasons to be cautious here. Today I wanted to take a look at the emerging markets as well as the US dollar going into next week. The USD has had an incredible run from the middle of 2014 from 80-100 almost straight up. Since February the USD has consolidated and is setup in what looks like a textbook bull flag continuation pattern. The dollar never gave up the 50RSI level during the pullback (sign of strength and possible continuation higher) and looks extremely strong. One thing I have learned over the years, is moves both to the upside and downside more often then not overshoot what you anticipate often times by a large margin. Many people have thought the move in the USD has been/is way overdone and many are likely to be surprised by the continuation move setup to happen here on a break over 98+… A break out in the USD will have an impact on the already decimated commodities sector, emerging markets and on companies earnings that have sensitivity to the dollar. In the members section I take an in-depth look at the potential implications.