Nasdaq 100 Nov 19 to Nov 23 Outlook

Recap
NQ did not hold B-1 at all so the bullish scenario never triggered. Instead, the Dow break down scenario triggered first with NQ falling all the way until 100% absolute range expansion stopped the drop. Closed the week below midpoint and above Y-2.

Outlook
The war outbreak in Middle East has complicated the scenario further. It is not going to be easy if US is going to get involved in the war there. So be prepared for news shock anytime next week.

Personally I would only trade very lightly this week due to liquidity issue during Thanksgiving week and that I have reduced my position size recently.