Ftse long-term trendline

Well Im still pretty amazed that markets like the Dax and Ftse can break down from 9 week trading ranges and then miraculously rocket back up after only a week .On Wednesday lunchtime I had a LH (below the triple top) on Ftse and what looked like a great setup for a fast move down.A few hours later the US markets had shot higher,miraculously dragging Europe with them,all on "rumors" of better fiscal cliff negotiations and despite bad home sales numbers.This market has become a joke. However Ftse is right up against its long term trend resistance now,plus we are 6 months (Gann's 180 degrees ) from the Summer low so a reversal here is quite possible.Frankly Im pretty wary of calling for big moves down having experienced so many chart pattern failures and CB interventions over the last couple of years but equally I'm not confident calling big bull moves from here purely on money printing.Weekly macd doesnt seem supportive of a breakout but obviously you could expect a big move up if that trendline broke (and the disconnect between reality and the markets would get even more ridiculous than it already is)

There is a also a TAS pattern setup as we declined 11 weeks and rallied more than 22 without a new high.However that was actually triggered 2 weeks ago and we are rallying again so is it a failure or will we get a second bite at the cherry ?