The S&P 500 pushes deeper into record territory as technical momentum builds and short‑side positions get trapped. Rachel Dashiell breaks down the bear trap, reclaimed key levels, and bull‑flag setup pointing to further upside, even as Fibonacci levels suggest near‑term consolidation. She also highlights stock‑specific breakouts in NetApp (NTAP) and Datadog (DDOG), and explains how improving market rotation and breadth could keep the rally alive.