Nasdaq 100 May 16 to May 20 Outlook
No selloff. No strong rally. Started the week with a 3 push up to Y+1 for a staged selloff back down to Y-1. Rinse and repeat. Closed the week close to B-1.
Inside week. Triangle / sideway ledge formation. Meaning major breakout is brewing.
Option expiration coming Friday. Pinning NQ down to 2350 (B-2) is one of the more likely scenario.
The other likely scenario is a quick drop to 2350 zone and rally back up to 2370 to 2380 area to close the week.