Nasdaq 100 Weekly Analysis

NQ is getting close to the August and April low now, that is a must hold for bulls in my opinion and that will be my top watch for NQ going forward. It may never hit and if it doesn't I have levels for that scenario as well. I remain bearish, but if bulls can hold 18,000 and the April low I think we may have a decent sized leg back up. I don't expect a big leg back up at all, but I am prepared for the scenario.

As always, you can't be overly bias in one direction, follow the trends and go with the flow of the market. You don't want to fight the market. You do not need to know where price is headed next to make money, remember that.