QQQ: Coiled Spring: Blow up or down?

Sitting here looking at the market I decided to look at the market as a whole and then my attention drifted towards the cubes.
Do I think that the EU and the European Bankers are just going to let Greece slink away out of the EU, forget its obligations and debt and set a precident for Italy and Spain to perhaps also leave? No.
Its human nature to thrash and fight, but in the end there will be a deal. So how does this tie into the cubes?

You can see above, there is a coiled spring in formation here. This is a winding down of a stock into a tight trading range that comes to a center peak and then it blows to the topside or bottom. So which way is it going to blow? Lets look at the weekly:

While looking at this chart, the first thing one can say is hmmm. This looks like its trending down. But is it? Upon closer look I drew the lines showing the bottom resistance level that it currrently is at, as well as I circled todays candle, showing a continuation bottom, with a longer tail on the underside of the candle and a bit of a body.

So my overall take? There will be some kind of deal next week after the meeting Sunday, and the markets will blow up to the upside, and the spring will be resolved through the news.

Thats all for now, update later today.
Tradinginsider