From a technical analysis point of view, the current setup is quite straightforward. Pennant, Ascending Wedge, expecting to be followed by another breakout attempt which when fails, will fall back and continue in a sideways rangebound manner. Now, they always tell you to stake your entries and set up your stop losses... so its not guaranteed. But as far as interpreting it from a technical analysis point of view, it really is quite plain.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.