Nasdaq 100 May 26 to May 30 Outlook

Recap
Bullish scenario unfolded as expected. NQ held Y-0, tested Y+1, pullback to Y-0 and took off. Got Y+2 upside target with no heat taken. Closed the week above Y+2 and at week high.

Outlook
Upside move over extended. Thin upside wedge cannot last. A sharp pullback is expected with Y+1 / B-0 as likely target. Again, it will be a difficult week to trade for swing traders as light volume summer trading condition can lead to more FBO on daily basis.