I'm with you on this idea, these are the most likely pathways.
LastBattle
⋅
flag or ascending triangle, it doesnt really matter for now. Both ways is possible, all depends on yellen yelling.
IvanLabrie
⋅
If that is even a triangle.
I do see upside as possible here though, but don't think it can go too high either.
The 2009 to date rally is done I think.
ChimbOt
⋅
some would see a bear flag, a bearish continuation
F
⋅
here is alternative sir!,, descending tryangle
Killy_Mel
⋅
I think above 197.5 it will cancel downside risk... although Yellen will impact the index, no doubt=)