Nasdaq 100 Apr 20 to Apr 24 Outlook

Recap
NQ attempted to move higher from Y+1 but failed. That opened the door to Y-0. First leg down stopped at 50% week range and tried to drift back up like a normal consolidation week. Y+1 acted as resistance since and by op-ex Friday, the breakdown took NQ down to its below Y-0 target Closed the week near Y-0 and below midpoint.

Outlook
NQ has now established its daily down trend. Until weekly support levels below are tested, NQ will have difficulties to go higher. B-0 now strong resistance zone.