Nasdaq 100 Apr 04 to Apr 08 Outlook

Recap
Y-0 to Y+1 zone formed a bottom as expected. However, difficulties to move higher happened after trading above Y+1. That did not stop NQ from rallying towards its minimal upside target – 100% expansion of the week’s open range.

Outlook
A drop below B-0 and that B-0 to Y+1 acting as resistance means last week was a w. upthrust and a more significantly selloff will move it down to B-1.