When it comes to the markets, I try to avoid making strong, declarative statements. I think there's a good chance of a correction that takes the S&P back to 6 month lows.
Been expecting Rate rises for the last 12 months, happy to say ( poor got a mortgage ) that I've been wrong thus far and given up on guessing aswell. UK might see, Elections out of the way, USA not until after I guess. Rate rises will cripple a lot of people and create the crash we should of had all along sadly.
I think the market will be held up by QE from ECB and Japan. Also, if the Fed starts seeing stocks sinking, they may talk about delaying rate hikes again.
The fed can try everything it wants. If there's not enough buying pressure because the collective perception isn't strong enough to support the valuations then sooner or later it will be revealed that the emperor is indeed wearing no clothes.