Which one: pink or black? The two weekly chart narratives...

I've mapped out the two different weekly-time-frame narratives currently in play. The first is the symmetrical triangle everyone and their grandmother already knows about (pink arrows). Note that we could come ALL THE WAY UP TO 11,500 OVER THE NEXT FEW WEEKS AND STILL BE IN THAT SYMMETRICAL TRIANGLE. I don't think people looking to short this area on high leverage realize that. The second narrative, which I don't think many people are talking about, is the ascending triangle narrative (black arrows), whereby we go up to 11.5 k area over the next few weeks them dump all the way back down to the lower 6ks (ie, lower trend line) between May and October. Either one is totally plausible, and either way we will know by August of next year which is one it was.

Cheers and happy trading.