Nasdaq 100 Apr 21 to Apr 25 Outlook

Recap
Bearish tone in beginning of the week forced a break down below Y-1. Then the spike reversal mentioned last week happened, gave us a go for Y-0 and above. Closed the week above Y-0 and midpoint.

Outlook
Down trend on daily is intact. Without 30-min or higher timeframe swing level support, NQ can easily flush back down to at least B-0 and Y-1 is also likely.

NQ needs to hold B-0 down to Y-1 zone to create the necessary condition to break this down trend.