Primed to bounce once again

The market was unable to push lower past the S3 pivot yesterday after all the pre-market weakness we had and finished up in a very narrow range day indicating convictionless trading on the part of bulls and bears (the bulls did try and push higher throughout the day). Today we see the futures have gapped higher and once again we are primed for another bounce in the next day or two. My gap probabilities show that the current setup is not great at all for fading today's gap so the right play would be to fade the gap fill and go long (eg. 1317 on the ES is a good entry point I think). Either that or some slightly bullish option trades here might be a good play. Bounce we might but we still have the lingering fundamental problems in play so any winning bullish trades should incorporate some fairly tight stops.