Nasdaq 100 Nov 03 to Nov 07 Outlook

Recap
NQ was under heavy distribution mid week with likely target below Y+1, yet the BOJ announcement took the world by surprise and many traders are burnt badly. NQ shot up to Y+2 and stalled. Closed the week near Y+2 and week high.

Outlook
Not normal market condition. Shorts are squeezed meaning liquidity will become a big issue going into this week and next. Size players do not like uncertainties. BOJ has destroyed its reputation completely at this point. People who own Japanese stocks will only take advantage of this opportunity to unload their holdings. This implies the upside is limited for NQ as well. 4200 round number will likely hold NQ down and force it to take care of the open gaps below first.