"Until something breaks on the news front I think we are firmly range bound by our own risk aversion on both sides of the trade. Just a market reminder that retail is along for the ride."

I would contend that the range boundedness was initiated and established by those who want things where they want things. I'm also amazed at how the bid/Ask is almost completely dominated by your TD group. Not that they are doing all of the trading, just that they are almost exclusively running both sides if the level 2 bid/ask quotes. The players created the sentiment if perceived risk. When there are sharks in the water, everyone else gets out of the pool.