NDX100 repeat of sharp 12% Correction from late Jan/ early Feb'18?

NDX100 Daily Chart @ Close Friday 08/10/2018

History about to repeat as the NDX100 plots similar Daily Chart Pattern to that witnessed post Jan 26 2018 Highs & subsequent 12% Correction?
IF SO; then a Tactical Short Trade @ the the Gap Fill (7458) with a Stop/ Loss @ Daily Close > 7511 (~1%) Record Highs with Downside Target Potential circa 6600 (~12%+) & 6790 (200 SMA) = Superior Risk/ Reward dynamics. We think so.

US Equity Market CORRECTION 'rolls on' with Risk Asset 'Implications'?

S&P500 Daily Chart @ Close May 7 2018 

1st Quarter Highs were 'in' as expected with the well overdue Correction continuing apace into Q2; Monday's 4- Hourly Reversals (not shown) in the Benchmark | OEX100 | NDX100 | WTI could well be 'conspiring' to tell us that 'something' sinister Short- Term may well be in the offing.... THAT something being the EM Space suffering the inevitable indigestion of FOMC/ FED Interest Rate Policy that certainly has historic precedence....No?

NOTHING appears without a Sign: Small Caps 'gave it away'.

US Small Caps ($SML) Daily Close @ 02/05/2018

S&P600 Small Caps was the 'Canary' this time with overt Key Daily Reversal January 24 & a few days before the 'Rot' set in for Global Risk Assets.
Simple 38% retrace of the post 7% Correction (Aug 18: 813 Lows) Record setting Rally to 982 @ 918 'dusted' in Mondays' Large Down Day with the 61.8% retrace @ coincidentally the VERY SAME 878 previous High Water Mark pre the said 7% Correction (-666 / 7%'s?)....
More pertinently should such be witnessed; a rare Quarterly Key Reversal in play (No New Highs < end- march) with huge implications for Risk.

Trump Rally does what The Donald does best....be 'EFFECTIVE'.

S&P500 Daily Chart @ Close Year- End 2017

2017 ends with the Trump Rally continuing to surprise even the most ardent Bulls with ONLY the Sentiment #'s NOW registering a 1st for the Year (previous Week) & a 2nd Week above the 50% threshold of potential misplaced 'over enthusiasm'...leaving us vulnerable to another 'Correction' of sorts?
Thus far such have proven to be both shallow, fleeting & elusive (Positioning wise) for all & sundry.
Same again or a January 2016 'surprise' just to keep us 'honest'?