JNK bond bubble, what bond bubble, oh that one

See chart. Note the timing in cycle days between the last one and this one, and all of them actually, surprisingly similar, wow what a cycle. Exactly the same, if we of course break down now. Equities have to bow to this leader. Our vix bottom indicator is actually below the extreme levels of past bubble bursts. No where to go but down (chart), and up on the indicator.