I currently see oil in a unique set up. I'm both bullish and bearish. I'm bearish with a close below 78 and a breakdown to 72 from the bear flag. I believe oil at some time will double bottom with the ad. If we see a pop today with no push north of 80 then I'm say bull trap.. im short via $drip... bullish on
SPX
due to oil, but oil hasnt made it's big push yet.. which will also set up another short entry on $spy. Let me know your thoughts