No, it's mean reverting within a range and I trade compression...

No, it's mean reverting within a range and I trade compression breakouts. There is no trade for me presently.

Everything else I am saying is speculative based on my experience in observing market behavior. I have no idea which way it's going to go (no one does) and I was giving my thoughts given price can only go in one of three directions. I think the odds favor down but I try to outline my reasoning by expressing observations for both sides. From there all I can do is stack signals and act on them. I am not acting on anything here, or across the market as I've been stopped out or opted to close positions due to my strategy having no edge in the current conditions.

All my initial observations remain in place as there is no discernible change in character. I have no sentiment as there is no trade looming nor one active for me. Everything else is conjecture and partaking in a discussion with no agenda.