Nasdaq 100 May 30 to Jun 03 Outlook

Recap
Gapped down to Y-1, fulfilled the projection of tagging either extreme of last week. Once the open range (range of Monday) was establsihed for the week, however, NQ was trapped within. Then the upside breakout of OR happened, it reached the 200% upside expansion target.

Outlook
Re-entering previous week range points to retest of Y-0 and potentially Y+1. That should happen early in the week.

Given the backdrop of month end and daily breadth oversold condition, the sell off in daily timeframe could be over.