Oil Charts - Is This a Nasdak Stocks Correction?

The broader markets have not broken we haven't seen a big breakdownn in the russell. And i think that this is actually the canary in the coal mine to watch the uro stock, or any of the other major globainicies. So so long as these stay stable and trading sideways, this could just be a nasdak move. But if we start seeing the developed markets round the world kind of catch the cold and start getting sick from the turning of these markets,  that could add the fuel to make this a much deeper and more pronounced market correction. We've been above the 50 day moving average all the ways since the middle of may, the end