Nasdaq 100 Jun 25 to Jun 29 Outlook

Recap
Initial gap down in beginning of the week did not stop NQ from zooming higher to the Y+2 / Y+3 target. Yet NQ failed to hold at Y+2 and going higher due to news shock from Euro zone. As upside is rejected, NQ has to move back all the way down to week low to look for support. Closed the week above Y+1 but below midpoint.

Outlook
As long as B-1 acts as support, it is likely B-0 will be tagged. B+1 should not be a problem if Euro zone stop feeding out bad news.