The Stock Indices for the last six days have been in a rotational pattern with declining internals. While short-term support and resistance areas are important, the Indices are basically in the middle of a range. Next week is a holiday week. Monday and Tuesday could be decent trading days but after that most traders will be enjoying the holiday.

The Briefing also discusses a trade I made on TGT this week and suggests how countertrend rotations can be helpful in strategic development.