Based on the pennant formed in June, the current pattern is *very* similar yet much larger.
I expect a major move before the end of the month.
Based on the global situation and the general 'feel' that we're on the edge of something, my instincts say GO LONG, BIG. But I'm not convinced 100% enough of that quite yet.
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Staying within the range. Will likely bounce off the ceiling once more before hitting the bottom of the triangle.
From there is anyone's guess. I have a feeling some externalities will make a difference before the end of this. Given the size of this pattern, will probably be a considerable amount of volatility and volume as well.
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The end is nigh. Which way will it go? Instincts say big up, as do most indicators. Its touched the top range a couple of times in the past week.