Nasdaq 100 Apr 09 to Apr 13 Outlook

Recap
The big surprise last week came from NQ. As oppose to slide down to support level early in the week, a short squeeze sending NQ to retest Y+1 early in the week and failed. That used all the remaining potential buying power as indicated across all breadth reading. Collapsed to below Y-1 yet bounced strongly back to midpoint of the week to close.

Outlook
As Y-1 failed to act as support, a retest of Y-1 is in order. Failing to hold above Y-1 points to B-2 as next stop to the down side.