Nasdaq 100 Aug 11 to Aug 15 Outlook

Recap
Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the week. Closed the week above Y-1 and near midpoint.

Outlook
As mentioned before NQ is the strongest one on weekly thus it is likely to hold back the selloff in the other 2 indices. Since Y-1 was rejected, Y-0 is the likely retest and a push to B+2 will not be a surprise.

By end of the week if NQ fails to clear Y-0 / B-0 it will be quite bearish for NQ going into end of August.