Nasdaq 100 Jul 29 to Aug 02 Outlook

Recap
NQ edged lower below Y-1 but never really stayed below the support level. Took it a week to breakout upside. Closed the week near week high and above Y-0.

Outlook
Whole week was a bear flag / rising wedge.

Rally from here will have limited upside potential with selloff risk down to B-2 and B-3 easily.

Bulls will not give up easily so expect extreme volatility from here.