Early Consolidation

Looking for the first two hours to consolidate the losses by trading range bound from 1310 to 1315 and then we should move higher into the close.  This will not be like the Egypt selloff which lasted 1 day.  This looks more like a consolidation after an overextended up move, transitioning to a range bound market.  We should get some better trading and volatility on both longs and shorts over the next few weeks.  Crude oil will likely retain its premium as a flight to safety for Middle East revolutions.