In my post of December 16, 2014, I stated:
” It may be that we will see larger volatility ensue in currencies, before they play out to any great extent (or near-term trends become very clear) in world indices.”
The RSI, MACD and Stochastics indicators on the following Daily ratio chart below of the SPX vs Swiss Franc ($SPX:$XSF) were forecasting a weakening of the SPX compared to the XSF from last November.