AMEX:SPY   SPDR S&P 500 ETF
338 1 10
SPY            

Investors agree that a temporary trip over the cliff             wouldn't be too harmful.

However, there is a possibiltiy the US Congress will repeat 2011 debt ceiling showdown.
The US Government is on course to reach the current cap on the debt ceiling March of 2013.

VIX            

Falling Wedge

http://thepatternsite.com/fallwedge.html

Reverse Symmetrical Triangle (Complicated -- VIX             Time Frame)

http://thepatternsite.com/EWRevSymmetrical.html

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