Nasdaq 100 Jun 08 to Jun 12 Outlook

Recap
As explained last week, NQ likely test the nearest support below first. It did and attempted to take on Y+1 after Dow made its FBO against its Y-1. But NQ cannot even clear the former resistance zone. Pure STOPD play kicked in with Y-1 target. Y-1 tagged later in the week and bounced. Closed the week below Y-0 and B-0.

Outlook
Structurally the strongest of the 3 major indices. 4500 and above now well defined resistance. If NQ cannot move back above 4500 and turn that into support, we are looking for below B-2 in play.