Nasdaq 100 Sep 08 to Sep 12 Outlook

Recap
NQ lifted higher first right off the open, that limited the expected drop to Y-1 by magnitude as mentioned last week. Anyway multiple attempts to clear Y+2 failed and led to a drop back down to Y-1. Found support there and bounced. Closed the week above Y+1 and midpoint.

Outlook
Outside week, strong close. Weekly up trend intact and only sign of weaknesses is the picking up of volatility. A retest of B+1 is in the making as long as B-0 acts as support. Failing to hold B-0 could be the start of a down channel with Y-2 first target.