1) Make a 400x400 document. Now press "D" on your keyboard to reset the foreground and background colors to black and white. Make sure your background is WHITE.
2) Go to Filter>Render>Clouds. The Filter>Distort>Twirl and use these settings:
Then apply Filter>Distort>Shear and use these following settings aswell:
Then add Filter>Sketch>Chrome with these settings:

3) Apply these Hue Settings (CNTRL+U):

Few more steps left.
4) Duplicate the layer and set the blending mode to Hard Light:
Make a new layer and apply Filter>Render>Clouds to it. Then go to Filter>Stylize>Find Edges. Then change the layer blending mode to Linear Burn:
There ya done:
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