S&P500 Still a coinflip, but time is running out.

Scenario 1 = Green
Pattern of 2011-2012 is still very similar including the double bottom. We have to make a clear turn next week.

Scenario 2 = Red
Pattern of 2007-2008 into 2009 slightly shifted in time, double bottom took place in 2008. This means that the drop already is taking place, one bump and it is off the races!

It will never be exactly the same of course. If we take the percentage drop in account, there is a chance that it can go under a 1000 points!
If we compare the 2008 and 2011 pattern to now, the current pattern is slightly more compressed, which corresponds with the faster pace markets move nowadays. Be ready for the big and fast ripper!