1. The market is in a big Wave 4 correction from the C-19 low with ATHs to come. 2. Or, the market is genuinely bearish... but we're in the "Wave 1, disbelief" stage. To support #1, the market needs to take out the early year highs. To support #2, the market needs to take out the June lows. So, an "indecisive slop range" of 3600-4800... Lots of trading opportunities between, but nothing to "hang your hat on" for the big picture. Recommend... be patient about assuming "conviction" and take technical trades. Or, just sit in cash until things become more clear. Avoiding "losing a lot" is always big. FWIW...
Translation, nothing....you are making a case for both sides either going up or going down, Sounds like a million dollar trade, There's always money to be made in the market, good money. You don't have to wait for major trends to break in hindsight, only. Besides, trends break all the time...only for the trend not to break. Everything works...until, the market decides it doesn't want it to. If all these expert, professional, people and traders truly knew how to trade the future...everyone would have 50 million in the bank.
"Nothing"? Are you dense? Lots of players are convinced bulls. Lots are also convinced bears. One of them is correct, but which? (My view, as stated, is currently "undecided"... just sit tight. The market will reveal in due time.) The greatest trading opportunities for profit are in the trading range. "More points" to be possibly captured "back and forth" than in a relentless trend. With "Price TA", you might capture some of that. I'm saying that the "big picture" is undecided between 3600-4800. Trade accordingly. KISS, baby!