This swing low in CAD and swing high in Crude that occured yesterday and today mean that wave 4 of the decline in Crude is in place. Wave 4 is very often a powerful counter-trend move which gives a false impression that the trend has reversed. Once the crowd positions inself for trend reversal, the trend will resume in w5.
So, awaiting wave 5 decline in Crude and the corresponding decline in SPX over the course of the next two weeks. Note that the decline in Crude can be quite a big one - SPX is by far not done falling, so something spectacular still needs to happen. Prepare for the unexpected.