Nasdaq 100 Jun 02 to Jun 06 Outlook

Recap
NQ gapped higher above Y+1 hence started a light volume short squeeze. 50% range acted as resistance and a quick pullback to week mid before closing higher. Closed the week near Y+2 and above midpoint.

Outlook
The over extended condition continues but the lack of volume issue as mentioned last week helps the bulls to push NQ higher.

A pullback is due with B-1 and Y+1 as likely targets. It can happen quickly and unexpectedly because of the low volume condition. Swing traders will have a difficult time to take advantage of the pullback, if there is one.