SPX/USOIL Presenting A Market Signal?

Patterns present themselves in the strangest of ways. Sometimes they mean something and other times they mean nothing. There is a fine line between pattern and coincidence.

Here is the S&P-500 with USOIL to compare previous cycles. As the chart presents, each time there has been a significant deviation from the current trend in USOIL it has resulted in a Recession. I have marked the last 3 times in the chart. In total it has happened 6 times since the 1970s.

We are merely down 14% at its bottom in comparison to 20-50% in the past.

Pay close attention to each divergence shown in the chart.

Is this time going to be different?