For the time being the inverse correlation between the Dollar and stocks and commodities remains in force. Thus, we should expect that a resumption in the Dollar uptrend will result in additional downside for stocks and commodities. If the next move up in the Dollar is a 3rd of a 3rd wave as some have proposed, then the coming decline could be severe. This fits with the expectation that we are now in wave (C) of a large flat correction in stocks.
Of course, if the trendline breakout in the Dollar was just a fake-out, then this interpretation is not valid.