While the e-SPZ (e-mini S&P 500) recovers all of it lost ground from yesterday.
Let's also notice that once again, nearby Crude Oil is attempting to complete a 2-1/2 week base-like formation.
If nearby Crude hurdles and sustains above $95.50/80, then we should expect potent upside continuation that points to $98.00-$99.00 thereafter.
Will the equity market care? Perhaps, if and when oil climbs back above $100.
But the e-SPZ has been impervious to just about any negative news for weeks, which argues against it reacting to the downside based purely on a $4-$6 rally in oil.