Nasdaq 100 Feb 17 to Feb 21 Outlook

Recap
NQ opened higher and went above Y+1 immediately. Sitting above Y+1 opened the door to Y+2. NQ then took off and tagged Y+2. Reaction to Y+2 was a shallow pullback. Break out above Y+2 induced a squeeze higher. Closed the week above Y+2 and near week high.

Outlook
NQ followed the path of its year 2000 moves so far this year. Given the similarity, it is hard to ignore what is in store coming few weeks.

Normal price action after a wide range week is consolidation around close at 50% range.