A sign of whats to come in March?

59 4 2
Pair trade maybe $SPY (7% gap now in just hours)
I zoomed it out and got a different picture. Seems taht Spy needs to catch up with Oil lower
Zooming out would defeat the purpose. This decoupled quickly
2use JXMFinancial
Im not sure if you see what i see. Here i can zoom out so much that it goes only to 29th december. From there on i see a correlation still and it actually shows even more catch-up than even i would expect. if you make so that the point of contact is on 28th, then
4th of jan - to 5th spy and oil catch up again after a separation
20th - common bottom
28th jan - 14.30- oil goes up...and with a delay SPY goes up (if i would use this coupling as a rule that was a perfect point to get in SPY)
29th - oil goes down , SPY moves up in the other direction but on 1st feb goes down and catches up with oil
3rd feb - common bottom
Then Spy goes down, Oil catches up
11th of feb - common bottom
Even if you count from 11th feb, looks like SPY went too far for Oil. So now i would buy oil and short SPY. If Oil breaks the resistance made from tops that started from 18th of feb.

i wrote this all because i really liked the chart - even more when i zoomed out. If you have time would like your thoughts about this
Can't comment much atm but was most curious on month end window dressing and looked like spy was dumped and oil started getting active again. Market and oil back correlated today so let's see how it plays out
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