At narrow trading range while waiting for the 200 DMA to catch up but main risk is still to the downside

As the title of this post states, the stock market in the last several weeks have been going in short moves up and down slowly waiting for the 200 DMA to catch up. I'm guessing the SP500 could make a sharp quick move down once the 200 DMA moves up toward the 1800-1825 level. The Dow and NYSE Composite, like the SP500, have been moving in rising trading ranges.

Unfortunately for the Nasdaq, Nasdaq 100, and Russell 2000, they have been moving in declining trading ranges. The Russell 2000 index has already touched its 200 DMA in mid April while the Nasdaq indexes came close but no cigar.

The Nasdaq and Nasdaq 100 are in a potential technical pattern whereas a break out of the trend lines will be a false one as it reversal back into the opposite direction. I anticipating this would be a false breakout higher (to go along with the SP500 making an initial break above 1900) and then a reversal back down for an eventual retouching the  200 DMA.