Nasdaq 100 Mar 17 to Mar 21 Outlook

Recap
NQ failed to clear former resistance from Y-0 has opened the door to gap fill below. Got that in 1 go and a strong bounce was resulted. Yet NQ failed to even tag the week high and stalled already. This lower high drop intensified until 100% absolute range was reached. Closed the week below Y-1 and at week low.

Outlook
More downside expected.

Spike reversal from below B-1 to Y-1 will trigger strong squeeze back up to B-0.

If the situation in Ukraine does not produce significant change to the situation, meaning that more waiting is necessary, then wide range consolidation around Y-1 / B-1 is likely.