Nasdaq 100 Nov 21 to Nov 25 Outlook

Recap
Sold off hard after a failed attempt to fill the gap above early in the week. Closed the week near the low and well below Y-1.

Outlook
Out of the 3 indices, NQ is the one with the most bearish formation as it sold off from a broadening top.

As long as 2280 to 2290 Y-1 area acts as resistance, the downside target of 2200 is in play.

A quick bounce back above Y-1 and that turning into support for a 1-2-3 rally will produce a longer term bottom good for a week or 2.