We can see on the weekly a few things:
1- There is no major reistance levels in a birds eye view
2- There is a teacup forming
3- Price has failed to be rejected at its current level, it is simply stalling until the picks up to make another impulse.
looking at it more closely, daily shows a triangle and 4hr will show a clear count of the waves.
market seems to be forming its final wave, if done correctly you can enter a great trade out of this setup since market is ranging in suck a tight zone after such a huge impulse.
Wall St. Stockbroker