Another OPEX

Yesterday morning started out promising for bears.  But, the downdraft in CL that allowed a 13-pt decline in SPX was quickly erased.  From then on, SPX had a great deal of difficulty reaching even obvious levels of support.  Instead, we saw yet another insufferable meltup.

CL took the opportunity to gap higher overnight.  So, what does it mean that futures are off 7 points?

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