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Market rally has been marred by indecision candlesticks. The segmented rally looks to be drawing to an end and the end of July is still on schedule for a likely peak in the rally. Nothing has changed.

The market is forming a near-term bullish consolidation pointing toward a small near-term breakout this week. Yet, the end result will be a top in the market by July’s end.

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Both seasonality and the current segment point toward a top coming toward the end of July. Nothing we’re seeing right now says otherwise.

More signals emerge pointing toward a near-term peak in the QQQ. We should soon see a small near-term pull-back of 3-4% on the QQQ. Nvidia has now rallied 90% and is at the very end of its run. Care should be taken with Nvidia north of $160.

Market pulling back very slightly after reaching overbought conditions at the end of last week. We also discuss why a correction is likely to occur within the next 1-4 weeks.

Market going through a typical near-term topping process. Nvidia following suit. End of July marks 80th session of the rally and the most likely point for a top.