Nasdaq 100 Apr 07 to Apr 11 Outlook

Recap
NQ never traded lower to test B-1, forming a dirty bottom and squeeze higher. This led to weaknesses at Y+1 and double top. Once the selloff started it can no longer contain the weaknesses and flushed back down to Y-1 to take care of the unfinished business. Closed the week below Y-1 and near week low.

Outlook
Outside week with same midpoint and closed below previous week range. Potential strong bearish setup if the week starts with much lower prices which will then turning Y-1 / B-1 into resistance zone for more downside actions.

A recovering back above Y-1 early in the week will lead to consolidation actions at reduced range.