Directionless
Higher volatility with no direction is what we have right now, and it is difficult to trade.
This index is acting like it is a little confused, not knowing where to go.
After a historic rally and after repeatedly breaking historical highs, this is expected.
Technically flat-lined
Technically, it is sitting at the apex of the high triangle, which does not help.
The worst case would be for it to stay here.
Other alternatives would be a breakout to the upside (>2,760) or downside (<2,675).
In the meantime, prudence is required... Again.