Everytime SPX/USOIL hit some extreme (upper BB),
Crude oil tends to be bullish the following months and SPX becomes choppy.
The move though can be short lived like in 1998 and recently in 2015.
It will be interesting to see how this will play out.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
