Nasdaq 100 Jul 21 to Jul 25 Outlook

Recap
NQ was the strong one and its bullish bias to tag Y+1 was fulfilled in the beginning of the week. From there we got an unusual consolidation around the previous week close with very wild actions both ways. Closed the week above Y+1 and midpoint.

Outlook
Ignoring the intraday swings, it is a surprising orderly stair step up week. What it means is that the upside to 3970-80 is possible as long as Y+1 is acting as support.

If NQ fails to hold above B-0, a drop back down to B-1 and then B-2 is in play.