Nasdaq 100 Aug 29 to Sep 02 Outlook

Recap
Monday wild swings within a tight range gave fuel to the breakout of Y+1. Yet not enough buying to keep NQ staying above Y+1. Fade out actions led to a drop back down to Y-0 and Y-1. Friday event failed to clear Monday high. Eventually collapsed down to below Y-1. Closd the week below Y-0 and midpoint.

Outlook
Outside week reversal is bearish. More downside is likely with B-1 and Y-2 in play.