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The NASDAQ-100 (QQQ) is now on its 5th segment with the rally extending to nearly 6% which is right in line with the size of a late stage segment. The market is within a few percentage points of a HARD top ahead of a 10% correction.

The SPY finally made a slightly new high of only $0.03 indicating that the market is still in its retest phase.

As the rally approaches record territory, we’re looking to put on a small short trade on the QQQ (5-10%) in anticipation of the next correction.

As the market rebounds aggressively back toward its highs from last week, there’s the possibility that we may be entering a rare 5th segment. At 85 days, the rally is reaching near record duration.

While we wait for the retest to play out, today we examine how delay after the market peaks might impact the correction timeline.

After pulling back 4% in just two sessions, the QQQ staged a very strong rally yesterday to start the week. The big question right now is whether the market is on a retest of the highs or preparing for leg 2 of the segment pull-back.

Big rebound on EU Tariff postpone news. The market has one of four roads ahead all leading to the same place. It’s just how we get there. We discuss the different ways things are likely to play out and why a correction by the end of the month is inevitable.

The market is undergoing a segmented rally pull-back. That much is clear. What isn’t obvious just yet is whether it will retest the highs or head straight into a full blown correction.

As the QQQ rally reaches Day 80 — the danger zone — strong earnings out of MSFT and META has brought some momentum back into the market. But will it last very long? The rally is still approaching maturity at the Day 80-100 zone.