FINALLY......Signs of a meaningful Correction?

NDX100 Daily Chart @ Close 06/27/2017

Long time between updates as the Small Caps basically trade sideways (Time based Correction); the NDX100 has beeen 'where it's at' for 2017 & perhaps finally a 'crack' of sorts (Daily Close below Up- Trend Line > Dec16) basis Tuesday's Close @ 5671 amid further heavy losses?
A simple yet 'hefty' 38.2% retrace sees 5450 as the potential 1st Stop on this move lower; beyond that & matters get interesting ......interesting enough for the much mentioned (THEWEEKLY) sub 1.90% Gap in the US10yr Note to finally get a Fill of its own?). Time will tell.

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.

US Small Caps Weekly Key Reversal negated..........

US Small Caps Index @ Close 03/01/2017

Last Week's Record Highs & subsequent Key Reversal NOW negated with the market's response to President Trump's presidential speech. Technical Analysis gets to play 'second' fiddle' to Trumpism & his uncertain BUT so far energizing presidency....for equity markets globally......is The Right Stuff.

WTI remains the Trading 'vehicle' of choice.........

WTI Daily @ Close Friday 02/10/2017

The Baker Hughes Rig #'s continue their march back above pre- 2016 levels as Crude trades above $50/bbl for longer than most Traders probably would have opined?
Sooner or later the World's #3 Supplier must have an impact & Crude will yet again prove to be a Profitable Short?
Focus remains for a Signal that said Short Trade with low $40/bbl still technically achievable.

WTI (Crude) following the script nicely; a 'Low & Last' Close Tuesday NY.

WTI Daily Chart @ Close 01/10/2017

After initially retracing > 61.8% of the losses from recent $55.24 Highs; Crude has respected the reliable MACD Sell Signal from the 1st Day of Trade in 2017.
Proxy Global Equity markets will likely be 'along for the ride' following their recent ebullient yet not so far well founded rallies.
It's NOT early 2016 all over again; BUT it is still only 6 Trading into the Month of January...........
Aggressive & Prudent Tactical types are likely Short from said 61.8% retrace @ $54.04 with Minimal Pain (Retrace High = $54.32) & now some +6% P/L for 3 Days work.
Interim Target looks like $49.50 with the more adventurous Shorts 'scouting' for some serious early Year scores circa $47 (+13%P/L!)