Markets doing almost nothing

The market has done almost nothing , though we see huge moves daily. It keeps getting rejected at 850-855 or so and also keeps jumping from 810-815.
We will get a break on one side and then we can jump on puts or calls depending on where its going , but be aware of a fake breakout or breakdown. Meaning many a times the markets create a bull or bear trap wherein it , lets says breaksout of congestion and attracts bulls and then immediately turns down forcing all of them to sell for a loss. It can do the same thing to the downside too, creatign a bear trap.
But recently the P/C has been too low as the markets have just gone sideways in this oversold condition.
An oversold condition ( or overbought ) can be resolved by prices going higher ( or lower for overbought ) or by price going sidewyas for a long time. So time can also relieve the condition , not just price.
This seems to be the case this time, but lets not say that yet.

Also yesterday when I sold AMZN and USO , I felt I could hang on longer, but it worked out well. Especially Oil , it fell a lot today by 8% and was down almost 10% intraday.
many a times when a stocks or commodity is going in one direction and then a few days in the uptrend its up good and then suddenly turns down and goes negative, thats a sign that prices cannot hold and there are a lot of sellers, so its better to get out.
AMZN is totally dependent on its earnings but if it can fall why not buy it at a lower price. Also I mentioned it had tested its 50 dma so many times that today it finally broke below it and is not right at the 50dma , 4 cents above it at close.

Apple brokeout of the triangle but not convincingly , volume is low, and it fell right back in.

Usually trades look for 2 days of close above resistance. But there is no hard and fast rule.
Keep tuned in.