Are they all waiting to see what OIL does, or is it the other way around? I think the former. I can make a case for a triple top in the SPX500, heading down, a case for continued consolidation or being range bound down to the channel bottoms for everyone, or the IWM taking us higher with a break out above this now 4th time resistance level, and confirming the new channel purple lines. Talk about your tough market to read! Yikes! And if oil gives the OIL bulls a head fake, and dips down, wow, can you say volatility.