Nasdaq 100 Sep 30 to Oct 04 Outlook

Recap
As mentioned last week, the pocket below has to be taken care of first. Gap up open did not change the bias and gave us an even better drop. Once Y-0 / pocket zone was taken care of, NQ went into a wild consolidation around its close prior to last week. 30 pts up and down all the way til the end of the week. Closed the week above midpoint and Y-0.

Outlook
Ledge after upside breakout favours retest of Y+1 and continuation to B+2. From there it will be difficult to tell if reversal will happen.

NQ is in a marginal spike and ledge pattern. Marginal because Y+1 is not that much higher above B+1. If B-1 breaks without tagging Y+1 at all, spike and ledge target would be Y-1.