Combined US indexes - Where the spike up?

IF you are getting a little frustrated, I am too... something is building up and meanwhile there is a lot of conflicting signals.

The week passed, and it appears to suggest the opposite now... a breakdown is more likely... 60/40 in favour of a breakdown, if I may quantify.

Set up the Breakout and Breakdown levels, and waiting for some real commitment.

Meanwhile, MACD histograms indicate a bearish divergence
VolDiv crossed down too.

Very simply... volatility coiling to spring, and if no break out soon, it will breakdown. Sounds a bit obvious, but watching it pan out is half the fun.

Enjoy!