Morning folks futures are gapping down even with the price of oil down 2% plus. For weeks we have had an inverse relationship in the market to oil. We saw that relationship start to unravel. We still are coiling inside a tight range on the SPX. Many traders will tell you when you see a setup like that the market is coiling for a big move. For weeks it was assumed that the pressure on the markets was due to oil prices. Now if oil prices fade back into the double digits and markets cant rally that will be an interesting sign.