The fundamental backdrop has deteriorated for months; so the investors and markets still have a lot of exposure to unwind. However, no trend run in a straight line over time; and a natural correction is a high risk should markets quiet through the final 24 hours this week. What does this mean for the S&P 500, EURUSD, AUDUSD and others? We cover these projections and discuss how a retracement fits into the larger fundamental and technical trends.