5th Times a Charm?

Above are the 5 major "Dow Theory" indicators I check for major trends: VIX, Dow Jones Industrial Average, S&P500, Oil, & NASDAQ. Notice each graph has 3 - 5 major bounces on a single trend line.

What's the concern? NASDAQ is the only index who has broken its major trend and and it will now be utilize as resistance. Additionally, oil can not break above $80.00 a barrel. Furthermore, the VIX is at a pivotal price point. All this information tells me there will be a correction soon. As the DOW begins to fall towards it's 5th bounce it most likely will break through. The S&P will follow suit breaking through it's 6th bounce on the major trend line.

Since March the market, as I describe it, has been drinking Red bull and Monster Energy drinks daily. It's time to come down from this surgery caffeinated high... Psychological studies have shown that humans love to watch people fall from the top, I don't think the market is an exception here. This is one of the psycho-market theories.