I'm hoping the November .02 cap raising isn't an issue in this case as the sp has held up pretty well since then and hasn't dipped below the .03 mark.
I like the steady long term breakout/consolidation cycles (no drastic pullbacks) and this might be easier as a swing trade if you are prepared to be in the market.
Might have a crack at trying to pick a low today, or (less likely) jump on a breakout for that matter.
