Quick Poll Part II: Is the Next Five Percent Move in the SP500 Higher or Lower?

A couple weeks back, on the day after the $SPX lost 31 points to close at a 6 week low, I posted a quick poll to get an informal read on market sentiment.  My observation was that, despite the previous day’s shellacking, there was little fear in the market.

The results:  Almost 2/3 of the responses came back bullish for the next 5% move.

Since then, we’ve had an almost 5% move to the downside and I am again curious.

Is the next 5% move in the $SPX higher or lower?