Nasdaq 100 Aug 01 to Aug 05 Outlook

Recap
3 pushes top then freefall to test and then fill the gap below. Violent swings too. Closed the week below midpoint but higher than Y-1.

Outlook
Definitely not as bearish as Dow. The bottom can also be read as potential 3 pushes down if NQ flushes down to a slightly lower low against B-1 and bounce off.

Unless NQ trading significantly lower than B-1 and then failed to rally above B-1, I would not be very bearish on NQ at all.