Major US equities are very obviously coiling for a move. Which direction they will break cannot be determined yet. But the longer they coil, the stronger the subsequent move will be.
No doubt it has to do with the Fed's plans for liquidity.
"Peace cannot be understood as the forced silence of the people. Ideologies based on lies and violence collapse; they bear evil fruit and moral devastation. It is not enough for a Christian merely to condemn evil, lies, cowardice, enslavement, hatred, and violence. A Christian must be a true witness, spokesman, and defender of justice, goodness, truth, freedom, and love. He must courageously demand these values for himself and for others." Jerzy Populesko, Solidarność, May 27, 1984