Professor Elam

Japan is still the second largest economy in the world, and it is down 15% in the last few weeks. At bottom the weekly MACD has just begun its descent. Shanghai in purple and oil in black appear to have been topping since this summer.  Now let's look at the US

That large red bar is the Dow drop this Friday. It is paired with the Wilshire that represents 5,000 stocks. At bottom the VXX has jumped today.   The VXX is a measure of volatility, a bet on puts that the market is going down. It was up today.  The MACD is about to roll over to the downside.