Nasdaq 100 Jul 04 to Jul 08 Outlook

Recap
Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like moved 200% absolute range expansion and stop there right at Y+4.

Outlook
Consolidation with Y+5 and Y+3 if there are more upside momentum not used up on Friday. If it is already exhausted, we should see a steep pullback to B-0 / Y+2 area.