Late November OUTSIDE Down Day DID matter after all.....NDX non- confirmation.

S&P500 Daily Chart @ Close 12/16/2014

Whilst the Outside Down Day late November DID NOT mark the absolute High for the S&P500 (& OEX100); the non- confirmation in the High Beta NDX100 failing to score a New High WAS indeed the SIGN that this Rally was terminating & at risk of some corrective price action.
THAT GAP @ 1905 has always been our worry as it's most unusual for the S&P500 (not so the NDX100).
The NDX100 has 2 trailing GAPs of its own; one of which has now been closed.