Analyst David Larew first piece is titled S&P 3 Line Break. The chart includes Presidential Cycles along with Federal Reserve Head’s manufactured bubble(s). Yellen officially owns the bubble 3/29/16 according to Mr. Larew with his interesting prediction of an Obama to Trump transition.
The second piece is titled 3 Peaks and a Domed House. He considers the recent bracket a roof bull trap to form A-B-C formation to the 1800 level in the 1H17.
SPX:VIX – Generally spikes would be a Top – unless they start consolidating the VIX under 10 – Top and Bottom finder
S&P 500 head & shoulder top – Generally Da Boyz use this pattern to trick Bears, negated at 2193.81, but maybe…
The spread between SPX500 verse US Macro is extremely wide. Prone to liquidity gap reversions.
Summary: The cost of reality or the status quo costs tax payers via central banks $180 billion per month. That is not productivity, nevertheless sustainable.