The stronger the dollar the ... ?

Macroeconomically very clear:
When the dollar gains strength, it is the market that anticipates.
When interest rates are raised, it is the market that suffers first. the other way around, it is the market that benefits first of all.

So much for fiscal policy influences.
Perhaps it is still very interesting to consider how the chart is to be viewed for the month.
The same patterns keep coming before we get to a bullish breakout.

The last time the dollar rose so much that the market fell for several years was in the docom bubble.
A pre-indicator?