Nasdaq 100 Jun 24 to Jun 28 Outlook

Recap
Upside push failed to clear Y+1 resistance resulted in retest of Y-0. Break of Y-0 in just 1 try, gapped to Y-1 and flushed down to Y-2 target mentioned last week. NQ tried to find a bottom right after. Closed the week below midpoint and around Y-2.

Outlook
Weekly breakouts to the downside do not usually stop going lower immediately. Depending on early week price action, NQ may be able to hold Y-3 and stage a bounce back up to Y-1 / B-0 area.

If NQ starts the week by gapping up then it is more likely to crash down hard again when it fails to clear the Y-1 / B-0 zone.