Nasdaq 100 Aug 15 to Aug 19 Outlook

Recap
Enough people thought that they are so smart in recognizing the Friday prior to lask week as some kind of capitulation, they got themselves into a wild ride last week. In fact, that Friday low is nowhere near the low made last week.

If the controlling crowd did not stage a sudden reversal on Thursday morning, NQ would be trading much lower.

Closed the week above Y-1.

Outlook
Staged rejection of Y-1 downto Y-2.

If Y-1 turns into support and pop above B+1, we get B+2 quickly.