I posted this chart a week or so ago (see: http://alphahorn.com/2012/05/23/when-we-might-expect-to-see-an-end-to-this-pullback/) and showed that we should expect a lower low for the SPX, while the NYMO makes a higher low.  That should play out today and when it does, if the past is once again an indicator of the future in this context, then the bottom should be in (Provided the NYMO has bottomed – it took 5 months to do so back in 2008-09, but that was a much more substantial pullback!)  See the chart above on NYMO weekly closes below 100 and what happens next!