US Equity Market: 'much ado about nothing?'...........Small Caps (S&P600)

S&P600 ($SML) Daily Chart @ Close 04/06/2017

Post the 5- Week 'Moonshot' Trump Rally (23% in 5 Weeks) after Election Day 2016; it's literally been 'much ado about nothing' as commentators oscillate between calling the end to the 'false' (fake even!?) Trump Express Rally & those that claim 'we ain't seen nothing yet'.......
The reality remains that not even a 38.2% retrace of said 23% Gains have yet to be surrendered with Thursday's Close still some 17.5% above the 702.99 early November Lows whilst the market in general either takes a breather before New Highs are scored OR Economic Data 'disappointment' questions the tenets of both this Rally & the Fed's 'return to normalcy' Fed Funds Rate adjustments? Time will tell.