This? Something else? Nothing at all?

We want to see patterns.

We want to believe there is order and causality and sense, matter in motion, not formless chaos.

Green channel?  Sure, why not.

SPX 2Y keying off 1737 area

Charts 04-17: No bearish break-out just yet

We're still in the wedge, in fact, we're still in a handy channel on the SPX:

SPX 04-17

Did you notice where the VIX peaked on Friday?  Volatilities are telling you the market's got at least another high left in it.  Watch the VIX next week!

VIX 04-17 6M

Larger picture, usual expectation of a market crash.  This one is framed with Bradley turns, and echoes all of the big turns on the way up.

SPX 04-17 4Y

... with a 50% Santa Claus rally that reaches the trendline between the 2000 and 2007 highs.  We just had Easter, and we in Deflation Land are already looking forward to Christmas.

SPX 04-17 all

Hang in there ... we still have not reached the upper daily Bollinger Band on the SPX.  So far this has worked great to keep us patient with all of this.