In a choppy market, can provide several "buy low sell high" strategies.
In a intra-day trading mindset, my idea is to wait for reversal sign @ 1281.5 to short, and reversal sign near 1273.5 to long.
Again, the markets are never wrong but the opinions are. So I don't have specific preference on which way it will go.
My idea is to have multiple strategies to deal with different kind of price movement.