Correct prediction, also, it would make sense if it kept ranging the same way for long enough to make some profits by trading it near the tops and bottoms of the range. But at 212.50 there will be a new question: is that going to disrupt the current behavior and establish a different short-term trend (perhaps a falling wedge followed by a bullish environment), or will it keep channeling and ignore this level? We'll see... Thanks for the analysis!