VIX is doing exactly what it did right before it exploded in 2008. This time its more concentrated and happening faster. $VIX to 145 this spring.

via @hks55:

Financials did the same thing in 2008. 20 week crossed the 50 week and back tested the trend line and those moving averages. Exact same now.

is double topping 38% retrace. classic bear

transports are weak, semiconductors are weak, tech is weak. energy and financials are very strong and they are both back testing major multi year trend line breaks.