Nasdaq 100 Jun 30 to Jul 04 Outlook

Recap
Y+1 cleared with strength gave us Y+2 quickly. Y+2 rejected resulting in a sharp fall back down to near Y-0 but 100% range expansion successfully stopped NQ from going lower. That led to a coil up until the end of the week. Closed the week above Y+2 and at week high.

Outlook
Complex struggle against Y+1 implies the upside strength is not as strong as many believes. Y+3 the upside breakout target will likely cap the move and consolidation back down near Y+1 will be necessary.