Nasdaq 100 Dec 21 to Dec 25 Outlook

Recap
4500 support mentioned last week gave us a run back up all the way to Y-0 and FOMC decision helped to push NQ towards the former parking zone at 4680. Option expiration sent NQ back down to below Y-1. Closed the week below Y-1 and midpoint.

Outlook
More downside in store. Holiday mode trading means thin volume and very slippery price actions. I will not be surprised to see NQ going as low as below 4400 by Christmas Eve.