S&P 500 Enter the Bear Cave

I hate to ring the bells, but S&P options and VIX structure is not looking so healthy.

I'm starting to pick up some twitter feeds on Harmonic Elliot Waves.

The CastAwayTrader has some very interesting patterns to follow.

CastAwayTrader points out that closing below the 21 Weekly EMA (Exponential Moving Average) is an important indication of transition into a BEAR market.

Hold on to your butts.