The last time we had oil and the dollar v yen drop significantly together was August 2008, and then spx500 tanked. Usually oil and the dollar are inverse relationship. This created and relative death cross with spx500 and usdjpy. in December oil did not break out from an IHS, trend up set up,m and now it threatens to fall below long term trend line support, and the last time that happened, all together now, August 2008. Heard a stat that most shorted market in history, could be. What has changed, what is up they are not telling us? Why won't stocks simply die? Here is a theory, the other story, maybe. "They" want low unemployment and 2% inflation, and they want a lot of other things they are trying to desperately engineer, all so they can get out of the mess called QE, by raising rates, and selling their balance sheet off, consisting of corporate debt and govt debt (some their own-a bad thing). Kind of odd you can buy your own debt. anyways... If oil spikes, it would actually fire start inflation, which would let them raise rates, but it might cause hyper inflation, which would be the worst of all scenarios, since they could not raise rates fast enough to control it, and if they did it would be the mother of all crashes for the markets. QE skewed the model, it is broken, and it is so delicate right now, this balance that keeps them inflated. It will not take much for something (black swan) to upset this delicate balance. And IMO, the USA is pumping more oil to keep the price low, so it doesn't spark inflation. And they really don't want to raise rates, or it will blow the debt sky high with each tick upward. This is a delicate QE pickle they have cornered themselves into. QE was an experiment that worked for the time, and now what is next? They do not know what to do. If this oil basing rectangle breaks downward, watch out markets.