Nasdaq 100 Dec 22 to Dec 26 Outlook

Recap
NQ was the odd one out as it kept dropping due to the selloff in Google and Apple. After 3 pushes down and 100% absolute range expansion, NQ found its support near Y-3 and zoomed back up. The gap above Y-1 created a squeeze to equal distance above Y-1. Closed the week above Y-0 and near week high.

Outlook
Many shorts are trapped and they are now the eager buyers. Strong support below Y-0 down to Y-1. Holiday mode with high volatility is a formula for big range and fake outs.