Nasdaq 100 Oct 06 to Oct 10 Outlook

Recap
Gapped down to Y-1 to start the week. Y-0 acting as resistance as expected. The push above Y-0 failed to establish Y-0 as support and collapsed down to Y-1 and free fall until 150% week range was reached. Shorts were squeezed hard until NQ made 100% range. Closed the week below Y-0 and above midpoint.

Outlook
Increase in volatility was slammed back down through various leveraged means. That can stop NQ from dropping straight down but it cannot force NQ to go up. There is no upside for NQ unless we are getting lots of good earnings from the big techs which is impossible thanks to the surging of US dollar.