Nasdaq 100 Apr 02 to Apr 06 Outlook

Recap
I was expecting a retest of Y+1 and possibly a run to Y+2. Well, it turned out to be full blown melt up to Y+3. Then, without warning, collapsed back down to below Y+1. Closed the week below midpoint and near Y+1.

Outlook
The strong reversal to the down side with a weak close points to further weaknesses into early next week.

Gap fill below is likely.

After gap fill if support is found quickly, then a bottom can be built over a week or 2 and then retest of year high is likely.