$IXIC - Nasdaq Composite Looking Vulnerable

It may be time to be looking for a real correction in the indices. It's been rough under the hood for sometime. It may be time for the big liquid leaders to give up some ground. I'm mostly cash right now looking for short set-ups. Not too much looking good to me on the long side. However, this can change on a dime. I'm not making any predictions, just watching the chart unfold. Ideas, not investing / trading advice.