NDX100 fails right where it was supposed to; if you're a Bear.

NDX100 Daily Chart @ Close 04/25/2014

3615/25 defined the 'Danger Zone' for the Over- Sold Rally from 3414.
The 3613 High temptingly close enough for the fleet of foot Tactically minded types to 're- load' the Short Trade on a 'what- if' basis should the Biotech 'bubble' be indeed so?
Time will tell.

Signs of a LOW; or just a significant pause?

NDX100 Daily Chart @ Close 04/15/2014

It would appear that the recent Biotechnology 'carnage' may well have run its course.
The series of Daily Chart patterns in the NDX100 is likely signalling that 'enough is enough' & some respite/ retrace is now to be expected.
3615/25 becomes Resistance & 'Re-Load' level to monitor.

So much for New Highs!

Small Caps ($SML) Daily Chart @ Close 04/08/2014

Ongoing Biotechnology 'carnage' simply too much for the broader market to ignore.
Small Caps NEVER confirmed the New Highs in the benchmark 500 early April; that too a warning sign.
Now what?
Further weakness possible as many an Inside Day scored Tuesday & that does NOT usually mark a 'turn' in direction.

New Closing High for the S&P500

S&P500 Daily Close @ 04/01/2014

Recent Biotechnology 'carnage' may well have been simply a 'pause to refresh' for the Benchmark S&P500?
If so then significant new highs may be the case....1900+.
Who wouldda thought?