Patience is certainly a virtue, especially in trading & investing. You bring up a good point regarding the painful sideways grind in the broad market over the last 4+ months: Despite the fact that neither bulls nor bears can claim victory as the markets have gone exactly nowhere, that sideways action actually strengthens the bearish case as sideways action brings the price & momentum oscillators & indicators like the MACD & RSI down, which continues to move some of those trend indicators deeper into bearish territory plus it has also served to confirm & solidify the long-building negative divergences on the weekly & daily time frames.

Whether they hold it up into the Dec FOMC meeting (which I highly doubt they can/will) or not, the R/R to being long equities still looks to be about as bad as it’s been in many years, from both a technical & fundamental perspective. JMHO