HALO Crash Revisited

A HALO Crash is a collapse from all time highs. It's never happened before, because until now, the pre-conditions necessary for a HALO crash never existed before i.e. an entire society with its head permanently installed in its own ass, while everything falls apart in real-time:

In both 1929 and 1987, the Dow peaked several weeks prior to the crash:

1929:

1987:

Currently, the major indices are within 2% of all time highs

The potential for a HALO crash comes from indices pinned to all time highs while the majority of stocks deteriorate:

Russell 2000 Small Caps with S&P 500:

We've never seen this before (correlation bottom pane)

Even within the S&P 500 there is major erosion under the surface:

% of stocks above 200 DMA:

Advance-Decline 50 DMA

Very similar to 2011 i.e. the last significant sell-off (20%):

The ingredients are all in place, just add PANIC.