Nasdaq 100 Apr 22 to Apr 26 Outlook

Recap
Nasdaq reacted to the anti-climax zone mentioned last week and followed by an all out selloff. 100% absolute range expansion did not stop the drop. Only until Dow and ES found their support dragged NQ back up. Closed the week below midpoint and above Y-1.

Outlook
NQ end of week rally was mainly an effect from Google earning. This week there will be no Google earning so the pop from end of last week cannot be viewed as a true bottom being found. A retest of the zone below Y-1 to B-1 forming a higher low will stage a picture perfect rally back up to Y-0.

I am bearish overall so the scenario above is not something I like to see but the probability is there.