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Bound to Fail - Does the pattern look familiar???

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
MoneyPatterns  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis SPDR S&P 500 ETF (SPY) spyshort
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trendanalysis spy spyshort
What do you think happens next based on previous expansions in S&P500?
Does it look like we have much higher to gain?
Is the risk worth the reward? Last two drops after such expansion were 40-50%.
Does this ascending wedge seem to breakout in previous patterns?

Sorry this does not look like expansion to me.
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