Nasdaq 100 Jun 16 to Jun 20 Outlook

Recap
3800 resistance mentioned last week produced a mild pullback late in the week. Bounced from Y-0 after it was tested. Closed the week above Y-0 and below midpoint.

Outlook
Unlike Dow or S&P, NQ experienced only a mild pullback and its up trend is not affect on weekly or daily basis.

This implies that until we get something more serious, NQ can put a brake on the selloff in Dow and ES quickly and end the pullback.

One of those things that can break the NQ is coming next week – FOMC Meeting.