Unable to find a reason to move up or down, the broad averages are acting as though they’re tethered to the zero axis by a tight rubber band. Early each and every morning, almost without exception, the E-Mini S&Ps make their intraday high at a slowly rising trendline; then, feeble selling ensues that gives way to a flaccid rally to end the day. One thing’s for certain: something’s got to give. Unfortunately, this doesn’t have to happen any time soon, and certainly not on our schedule.
