The morning has been a sloppy choppy range fest, with a barely discernable wedge into our halfback at 4391 or so. From there, we have a swing-up that could form a reversal pattern. Unless we clear all the noise in either direction, I am on the sidelines today. The pattern had a bearish tilt all morning, but this is the typical activity that follows a spike higher into a bull channel as we saw yesterday. So the behavior is normal thus far, not telling us a lot about what lies ahead.