ES - 4 Hour / Short Durations Becoming Oversold - RT

A potential Minor Retracemnt is approaching.

Should the ES continue to decline -it will drag
everything down with it.

Equity Markets are all highly Correlated now.

The NDX 200 SMA is below @ 14986. Typically,
it Dips in and reverses for a Countertrend.

Sellers remain in control, yesterday was an
excellent example.

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Should the Selling persist (and it should as Price
has Lower Price Objectives ) - the decline could
easily accelerate.

The Vix is due for a Minor Pullback as well.

Yields are backing off as we suggested yesterday
after exceeding 1.90.

EPS has been weak, very weak.