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The bears have staged their last stand at the $520 level. If the bulls can push through, it paves an open path back to all-time highs at $540 and eventually to $560 a share. If the bear win the day, the QQQ may retreat to fill its gap down at $487.

The near-term pull-back that started off overbought conditions appears to have ended at 3.3%. That is on the small side and may indicate problems down the road.

NASDAQ-100 (QQQ) continues to pull-back as expected. Should see a little more downside to test the upper gap-line near $501 a share.

There’s a distinct possibility that we could see a premature bottom to this pull-back. But even if that happens, we have even stronger evidence that a full-blown top is likely to occur no later than July and at around $560-$570 on the QQQ return the QQQ back to these levels.

6-Session consolidation continues in the market. However, history has shown that consolidations after big rallies are almost always signs that a near-term top is around the corner.

The NASDAQ-100 (QQQ) reached an 80+ RSI (extremely overbought) on the hourly right near $520 a share indicating a near-term pull-back. The segmented rally analysis further confirms that forecast.

Moody’s downgraded U.S. credit rating on Friday after the close leading to anxiety all weekend. Yet, the market rally has shown incredible resilience reversing course and nearly pushing into the green intraday. Still, a pull-back is due nonetheless.

NASDAQ-100 & Nvidia look to cap a strong week. Signs point toward a small pull-back happening next week as everything has pushed into deeply overbought territory.

Market momentum continues and all-time highs are right around the corner. While the QQQ is overbought, it doesn’t show a signs of slowing down.

The march back to all-time highs continues. As we’ve mentioned, it WILL happen a lot sooner than people might expect. Can easily see ATH by next week.