Here is the closest comparison that I keep referring to:



I keep comparing Feb/07 to now because they both have similar big moves down which ended with a hammer reversal.

If we extrapolate the above chart to today's market, I'd say a gap up over 1147 would make it no-brainer crystal clear bullish. Beyond that, you could see the market was indecisive as the potential double top resistance level was approached.

I'm not expecting Monday to be decision day - this should take a few days, if not weeks to play out.