Nasdaq 100 Jul 14 to Jul 18 Outlook

Recap
Affected by the other 2 indices, NQ was pulled down quickly towards Y-0 which induced a flush down to its open gap below from the prior week. Drifted higher since but another market shock forced a gap down to Y-1 which was bought magically. Closed the week above Y-0 and midpoint.

Outlook
Strongest among the 3 indices, inside week with strong close points to retest of Y+1 / B+1 likely.

The retest will likely be met with strong selling due to the number of trapped longs from the past 2 weeks above Y-0.

A weekly level pullback is in the making if NQ fails tag B+1 first before coming back down to B-0. This will open the door to B-1 and below over the coming few weeks.