You can trade the range: low risk long entries can be made at the bottom of the range around 1085 on index with stops below, and low risk short entries can be taken at the top of the range around 1115 to 1119 with stops above. Those stops must be honored as when we break either up through resistance, or down through support, the move will likely be a significant one. So really watch the way we break out of this range. Breaking through resistance will give us a nice Christmas rally. Breaking support could lead to a dramatic decline. We are eventually going to break out of this range, and the move is going to be large. Follow the market's lead and trade the direction of the break.
You can also draw a trendline from July which is currently around the 1095 area for the S&P 500. This may hold as support and the market can rally higher through resistance so it can be a low risk buy entry as well. Market is a bit tricky here, but the support and resistance lines are well-known, so manage your positions. Keep trading this simple and react to the market, not what you want the market to do.
Disclosure: DISCLOSURE: No positions in stocks mentioned.