But I believe SPX's pull back won't last very long time because DXY implies that there is no rate raise soon.
Back to USOIL , up-trend support is very close, this area is 0. .618 area, the same place we begin to fly this Wednesday ,Thursday with a nice and eia data.
If USOIL cannot stop drop, I still don't think that's the end of the world.
Take care of 43.99/43.52, a potential type is waiting there.
Saudi will bankrupt around 2020 with a oil price 50 USD. Obviously, Saudi won't allow this thing happen. So I will long USOIL at any pull back. Indeed, I cannot love today's drop any more and even wish a more deep pull back.