Accept the fact that we're range-bound and until SPY breaks 88 on the down-side or breaks through the 200 SMA and resistance (93-94) on the up-side there will be a lot of backing and filling.
So what to do:
If you're a swing trader then buy the dips, sell the resistance in order to avoid being whip-sawed around and forget about break-out trading until the range is broken down/up.
And if you're a day-trader like us then it's business as usual (we got some decent day-trade
moves on AAPL, VMW, CLF today from last night's newsletter).
So stop whining, man-up, and be patient until we move out of this channel.
