Stock Indices In Multiple Timeframe Rotational Pattern

As you will see in the Briefing, the Stock Indices have been in multiple timeframes rotational patterns going back to November of last year on a weekly basis. The internals of the market continue to weaken. There is simply no impulsiveness in either direction. When this occurs, it typically takes a news event to give the market the strength to break out in one direction or another. There are a lot of tech earnings this week and a Fed meeting next week. Either of those could give the Indices the impetus to move outside of the current trading ranges.

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