Nasdaq 100 Jan 27 to Jan 31 Outlook

Recap
NQ wild swings between previous week close and Y+1. Broke out upside but failed to stay above. That opened the door back down to Y-0. NQ finally catch up with Dow and S&P by Thursday and dropped down to Y-0. Closed the week below Y-0 and at week low.

Outlook
Strongest among the big 3 indices in terms of weekly structure. This will change if NQ fails to defend Y-1.

As long as Y-0 to B-0 area acting as resistance, NQ will go lower to tag B-2. From there, we will find out how bullish NQ really is by observing the reactions from the long term players.