I have added some moderately arbitrary high and low lines to make a simple point: the markets have been in a very narrow range with very little happening to either the high or low end. When looking at either the SPYs, QQQQs or IWMs, there is very little to get excited about. The vast majority of action is occurring on small price swings. Also note the very neutral EMA picture -- there is little separation between the EMAs and all are floating around the 200 minute EMA. In short, this has been a very boring market this week.
