Pre-close view… Dead in the water, and here comes Janet.

No-bias on top of no-bias — seems to be a message there.

As warned before the open, if the range wasn”t breaking immediately, then it probably wasn”t breaking at all. That wouldn”t prevent trending, and didn”t. This morning”s 2043.75 and 2054.25 bias signals have clearly defined the range.

At least there was volatility, and patterns with healthy targets within the range. Contrast that to ranging since noon, which may be described more accurately as comatose. Choppiness between 2048.00-2052.00 hasn”t formed any patterns, and no timing window has had any trending to even try gaining traction.

Now Fed Chair Yellen is scheduled to speak at 3:45. 

Nothing terribly substantial need be uttered in order to trigger a knee-jerk reaction. But there is no predictability of a breakout”s initial direction from this pattern, or assurance of a breakout, at all — only the overwhelming likelihood that the first breakout attemp (if any) will return back into the range. 

And regardless of price action before the close, nothing about today”s session will be predictive.