8/6 - stage 3b

SPX - still ok


SPY - stage 3..but nearing end


QQQQ - stage 4


XLF - stage 2


OIH - pullback into 30ema


OIH 30" - stage 4


USO - stage 3


UUP - stage 2a


VIX - stage 3


ETFs


HEAT - bearish


Analysis: sideways action is what we got here...but we do have 2 opposing main sectors...that being OIH bearish and XLF bullish...once they agree and get on the same side, i am sure we will be out of this stage 3 consolidation...seems quite equal on which side it will go but as QQQQ already moved into stage 4 today, i'd have to give a slight edge to the bears...but still quite early to say...