Nasdaq 100 Aug 26 to Aug 30 Outlook

Recap
This is WTF chart of the week. Multiple logistic / structural issues with Nasdaq that magically lifted the index back up to almost filling the gap from last week. The Y-1 bottom was first created from quadruple test last week and this week it was retested another uncountable number of times yet it magically held and produced a squeeze back up to challenge the gap above. Closed the week near week high and above Y-0.

Outlook
The gap above is nearby and can act as a magnet to pull NQ up to close that gap first. Then, we have this big open gap below to take care of. NQ likely testing B-0 from above this week. From there it is wait and see setup as B-0 may now turn into a strong support.