I am on the Bearish side for next week, unless we get some + breaking news out of libya/middle east over the weekend.
With the oil price potentially going higher considering the very volatile situation in the middle east. Negative figures coming out of china regarding inflation and trade deficits. The recent unexpected downgrade to Spain's debt reminding the market of the very real threat of another European default.
I would say that with so many potential red flags it would take some form of good news especially out of the middle east to let the bulls take over. So in the short term I don't see the market going up.
