Nasdaq 100 Oct 20 to Oct 24 Outlook

Recap
NQ resistance at Y-1 sent it down to right above Y-3 when 100% absolute range expansion was reached. NQ then staged a bottom right on time for a run back up to above 3800 round number for option expiration. Closed the week below Y-1 and near midpoint.

Outlook
As long as B-0 acting as support, NQ can force a run up to at least B+1. But it is not a bullish setup because until backfill down to B-1 is done, there is really no fuel for NQ to go higher.

If NQ dropped to B-1 first and found support, it may start to form a longer term bottom on weekly level.