S&P 500 e-mini has been range bound 1215 - 1230 for the last 5 sessions. Virtually all momentum has dried up as shown by indicator.  Its important to excercise extreme caution in this area as a breakout is likely. Our bias is to the upside, but we will let the market show its hand before we enter. Veterans day may also impact prompting traders to get flat by the Friday causing more sideways market with thin volume.