For the last 4 weeks the es has been making an alternating up a week and down a week . With the 2015 summer chop in full swing I don't see why this pattern will not continue until it stops.
If the spx follows the summer pattern would look to long @ august lows into the end of next week. Probably am 100% wrong so will use a stop in case I am batshit crazy which I most likely am. If at the end of next week and the spx is back up to resistance would look to short and trade the range until it stops.