The pattern is known for its bearish tendencies developed after the Hindenburg disaster of 1937. The key understanding is breadth deterioration, when more stocks hit 52-week lows than 52-highs. Since the warning, a liquidity gap has developed in stocks thwarting any attempt at new all time highs.
Fast forward to this morning and a very ironic situation has unfolded in the skies 50-miles north of London. And no – it's not a giant penis drawn by US-Navy pilots in F-18s - it's a true 'Hindenburg Omen' as the world's longest airship crashed early this morning. The £25m airship called 'Airlander 10' appeared to "break in two," a witness told the BBC. Reports suggest the airship broke free from mooring less than 24-hours after a successful test. At the time, no-one was on board of the aircraft, but Bedfordshire police, paramedics and fire crews were alerted and treated a women who suffered minor injuries.