STI condition before Fed QE3 announcement

I am looking at the chart of STI before Fed's decision on whether to release the QE3.

It is forming an inverted cup pattern which is very bearish. Currently at 10.55am (13th Sep), STI is trading at 3017. Whether the Fed announce it's QE3 or not, the picture does not look good for STI. Will STI rally after Fed announce the QE3? or no QE3 at all? According to the chart at the moment, it does not look to have a bright picture.