Contemplating range bound.... This is a very neutral range for recent trading.

you want to hear my theory... we are range bound 1490 1470 for a while.... maybe short covering rally then back down.

Every time I say range bound it doesn't happen..... The recent impulse wave, should have a correction that will tell us what is up... Then maybe test the highs and then we will establish the pattern neutral, Up, Down.... Whatever... my positions are in the 1515 range.. so I'm risking... But betting the down side... This afternoons correction followed by another down leg, is the kind of trend maintenance I'm betting on... There is a ton of day trading going on..... and conservative trading.... But this is the True Volatility I expect out of this market, With the kind of action that will beat the crap out of most participants, to sideline most people... and create a real bear.

We shall see