Interesting pattern playing out on the S&P. Are we replaying the...

Interesting pattern playing out on the S&P. Are we replaying the period of April to September?

From mid April to Mid May we see the S&P constantly testing the upper bollinger band trading in a narrow upward biased range, then pierces it on the 19th of May. From their we fall straight to the lower band, then test the middle band twice before the relentless downfall kicks in until mid July.

We then enter another consolidation phase between mid july and late August, trading in a narrow upward biased range constantly testing the upper boll. Then on the 29th Aug we fall from the top end of the range right through the lower band. From there we test the middle band a couple of times, before the relentless selling begins again through to the 20th of November.

Once again we entered a consolidation phase, where we traded in a tight upward biased range constantly testing the upper bollinger with resistance at the middle band. Then on the 6th of Jan we pierce the upper boll, and then proceed to fall all the way through the lower band. So where to from here? So will we see a couple of tests of the middle boll around the 880 over the next few weeks and then relentless selling pressure?

Should be an interesting few weeks