UPDATE 10:53am EST: I find this XLF channel very interesting:
The early morning spike was an obvious stop sweep courtesy by the MMs. Back in the channel we go. The way I see it – as long as we stay inside these boundaries sell the rips and buy the dips. Just put your stop 10 cents above/below – very easy to manage. Don’t grab it right now as it’s smack in the middle of this thing.