Nasdaq 100 Jun 17 to Jun 21 Outlook

Recap
NQ did not zoom higher and failed to clear Y+1. That opened the door to retest of Y-0 and we got that from a fierce gap down. NQ bounced off Y-0 and filled the gap above, yet failed to go higher right after. NQ breaking Y-0 led to full scale selloff down to almost Y-1 yet not touching it and bounced. Y-0 rejected NQ’s rally attempt. Closed the week below Y-0 and midpoint.

Outlook
Inside week breakout mode in place. NQ failed to hold Y-0 points to its strength from the week before last was fake. That also means the real direction for now is still down until invalidated by a rally above B-0 and that turning into support.

Would not consider going long until B-0 acting as support for a run to B+1.

Bias towards a flush down to B-2.