Nasdaq 100 Jun 27 to Jul 01 Outlook

Recap
Brexit week NQ headed for Y+1 first, setting the stage for the collapse down to Y-3. No surprise at all. Initial reaction after Brexit on Friday open even tagged Y-1 perfectly to set up the sold off into close. Closed the week below Y-2 and near week low.

Outlook
More downside expected. Extreme volatility in the making. Margin hikes reported everywhere. Day traders should trade with caution as central banks and G7 may use sudden announcements to trap the shorts and force a short term bottom.