The range-bound oil may break very soon, I think within 1-2 weeks. I rate the probability about 80%.
Since oil and SPX500 have good correlation for the past 10+ months, SPX500 will likely have a small correction too.
Since oil and SPX500 have good correlation for the past 10+ months, SPX500 will likely have a small correction too.
Comment:
The bigger picture though it's still valid and maybe even more promising.
Comment:
Break up or break down? We will know by the end of this week.
We simply have to wait and see.