It's actually near impressive that the buyers and sellers have...

It's actually near impressive that the buyers and sellers have been able to keep it in such a tight range. My belief is that it is being done intentionally by someone that wants to accumulate, not by someone exiting. I think they are about to loose their control over it until the next battle lines are drawn and the game will start again. If it pops without a big retrace similar to what happened 6-14, and then the same games start, then this will confirm my theory.
The reason I am even more confident after todays trade is that both the IMUOBs and IMUOCs have made new highs. It looks like we'll make a new high before we see 10.5 again, and if that happens we may never see 12.5 again- it's making a massive support at this level the longer it sits here. Expect it to hold from a distance if it pops up.