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.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013