It's a "waiting game" at this time. Everyone is waiting to see what other traders will do ... waiting to see how they'll move the market. If you are a scalper, this is a prime market for you to be in. Lots of predictable up's and down's. Long term traders are out of this trade, they'll wait for P/A to do something with that S/R line.
The big question now is ... will it break or will it bounce?