The Russell acted like it has found a small trading range. It may go sideways. It is difficult to imagine a fierce up move from here; and the downside seems dubious, unless either of the indexes take the lead.
Priceline (PCLN) had a massive down move (20+ dollars) to touch the 20 day simple moving average and then recovered half of that. Short volatility plays are dis-advantageous into earnings. This begs the question: Do long volatility plays work in the weeks into the announcements of earnings? This is worth some back tests and queries.