Classic Coil SPY

SPY sitting right on RSI 50 and Stochastics 50. Looks like a this coil could break either way. Anybody have any strong feelings about how the market will break next week.

 

Down according to my analysis which no one has commented on! lolzzz I don't know about next week, but I think by September 11th, the bearish pennant pattern will be confirmed.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=226158

 

If so we have a continuation formation - Dow 9000 minimum move.

 

i think it would be sideway movement,mostly..until october