S&P 500 forming a triangle, pending for breakout

FX:SPX500   S&P 500 Index
246 1 8
S&P 500             forming a triangle, pending for breakout.
I am bias on a downward breakout.
gut feel that whole stock market should come down. (US, Japan, China)
but if u saw.....there is also pennant pattern , n it indicate that market is bullish no more bearish
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