Yes could be Brian.

I'm looking now to the oil price.If it holds at current point so far the uptrend is intact but I have a feeling it will drop below .

On the other hand that could be some good thing if you see the reaction from the markets on oil spikes.

If oil maybe could trade in a broader range instead of staying in the uptrend that could soften the inflation pressure which gives cenral bankers more room to act and is also not bad for consumers trust.

That could later start a recover in the markets.