The old saying goes that history may not repeat but sure can rhyme. The talks and fear of recession looms and many of its effects can already be seen in the markets and greater economic world. These charts compare the leading events to the last great recession in 2008. Both charts have had round off top which led to a correction. This was followed by bounce, which may explain the recent pump in traditional markets. If this is the bull trap, then the 100WMA may be a key indicator as to when prices may hit resistance and capitulate. I found that percentage drop and increase in recent prices very similar leading towards the 08 crash. Also, price found support on the 1500WMA after correcting over 53% from the 100WMA. Perhaps leading into the later stages of this year employment rates would be another key indicator to keep track off, as if this declines it would probably end the year in a recession. Interesting to note also is that BTC and NASDAQ is also reaching its 100WMA and any rejection seen on them may ripple and affect markets.