Nasdaq 100 Jan 26 to Jan 30 Outlook

Recap
Y-0 failed to hold NQ down, gave it the perfect excuse to squeeze back up to Y+1. NQ was able to hold above Y+1 and consolidated there. Closed the week above Y+1 and near week high.

Outlook
A retest of Y+1 is in order. Breaking below on daily closing basis points to at least moving back down to B-0 if not lower. As oppose to what many people may think, NQ is not making a bullish pattern here. It is developing a complex top that is often seen in Nasdaq stocks.