Oil And Oil Stocks

Above we have a chart of the OIH (Oil Drillers) and below we have USO which is the ETF for Crude Oil.

On January 16th I began buying oil stocks because I noticed these stocks stopped coming down while crude oil prices kept falling. This setup up a bullish divergence (green line). Over the next few days these oil stocks had a nice move up and I made some money. Now I'm looking to buy a dip but I might just watch them for a few more days before I buy. Notice over the past 3 days oil prices have been moving higher while the OIH is moving lower (red line). This is actually short term bearish for oil stocks so I'm not going to be buying this dip right now unless I see something change.

Will I short them? No, I'm still looking to buy these stocks because of the seasonal pattern and the cyclical low I believe we've made but I am waiting for some bullish pattern to setup before I start buying them again. The XOI and XNG appear to be a little stronger than the OIH so those are the groups I'll probably buy. I always want the probabilities on my side and right now I see one red flag.