Nasdaq Futures (NQ_F) Cycle Ending, Correction AheadE-mini Nasdaq-100 FuturesCME_MINI:NQ1!Elliottwave-ForecastShort‑term Elliott Wave analysis indicates that the cycle in Nasdaq Futures (NQ) from the March 31, 2026 low is approaching completion as a five‑wave impulse. From that low, wave ((i)) concluded at 24,348.25, followed by a corrective pullback in wave ((ii)) that ended at 23,666. The Index then advanced in wave ((iii)) toward 27,136, while the subsequent dip in wave ((iv)) found support at 26,681.75, as reflected in the one‑hour chart. The final leg, wave ((v)), is now unfolding with internal subdivisions forming another impulse of lesser degree. From wave ((iv)), wave (i) finished at 27,542.5, and the pullback in wave (ii) ended at 27,009.5. The rally continued with wave (iii) reaching 29,480, before wave (iv) corrected to 28,742. The Index is now progressing in wave (v), which should complete wave ((v)) of 1. This development will also mark the conclusion of the cycle that began on March 31, 2026. Once wave 1 is complete, a corrective phase in wave 2 is expected. That correction should unfold in a larger degree, either as a three‑swing or seven‑swing structure, before the broader trend resumes higher. In the near term, as long as price remains above 27,012.79, the Index retains scope for one more push upward. However, the cycle has matured considerably, and the risk of chasing the upside has increased. Traders should recognize that while limited extension remains possible, the probability of a corrective pullback is rising. The structure suggests caution, as the market is transitioning from an impulsive phase into a corrective environment.