Smeared Light

1. Make a new document, anysize doesn't matter. Now press "D" to reset the foreground and background colors to black and white. Make sure your background is black.

2. Apply 4 to 6 lens flares, I used 35mm prime and scattered them on my canvas:

3. Apply Filter > Blur > Radial Blur with these settings:

4. Distort the graphic now, go to Filter > Distort > Wave and use these settings or your own:

5. Apply color now, Ctrl+U:

6. Duplicate the layer and set the top layer blending mode to Soft Light.

7. Emerge the layers together by pressing Ctrl+E.

8. Duplicate the layer once again. Go to Edit > Transform > Rotate 180 and set the layer mode to Screen.

Now your done, heres my graphic: