Nasdaq 100 Apr 25 to Apr 29 Outlook

Recap
Selloff target Y-2 tagged first thing of the week. W. spring against Y-2 sent NQ back above Y-1. Again, another spring from Y-1 sent NQ up and gap above Y+1. That points to Y+3 target in play and the target was reached on Thursday before early closing for the week.

Outlook
2 opposite outcomes in play.
First, if Y+2 acts as support early in the week, further squeeze on the shorts will push NQ up to Y+5 quickly. Not a joke here. Many markets that swing from Y-2 to Y+3 demonstate that a push to Y+5 the week after is a likely scenario.
Second, the gaps we have seen are known as exhaustion gaps meaning an end to the rally is near. Thus, a break below Y+2 points to a quick gap fill all the way down to below B-0.