Nasdaq 100 May 02 to May 06 Outlook
The squeeze scenario played out. NQ stalled at the target zone.
B-0 will be tested early next week.
Failure to hold above B-0 points to eventually filling at least 1 of the gaps below.
On weekly basis, NQ is testing the year high zone. If the coming week fails to close above the first quarter high, we have a w. upthrust in place, pointing to serious downside risk.