The Stock Indices persisted in a multiple timeframe rotation. This pause does two things. The first is it gives us a great area of trade location when there is a breakout. Second, it provides us with multiple timeframe areas of support, resistance and projected trade profitability. Remember, when you find a Key Reference Area in multiple timeframes, it typically leads to a greater degree time and price move. The key is being patient.
As you know from the Briefing last week, my patience expired. It was a good lesson learned again. However, once we do see a break, it will be a good move. The key for those of us who trade actively will be patience and looking for those areas of good trade location.