Quote from Laissez Faire:
Nice trading range between 1178 and 1181. Support seems to be strong. Currently sitting on my hands and anticipating a breakout either way.
The NYSE TICK 20 SMA has been above zero for most the day, but it is not very impressive.
However, the strong support at 1178 makes me lean towards an upside breakout as I see things now.

Quote from ammo:
thinking out loud, i wonder if emg 's posts are humorously modest,i.e he's long and selling there and jokingly covers it for 1 point