NAS100: Ready for an Intraday Pop After Consolidation

Market Read

NAS100 is currently chilling at 21469.49, holding tight after a slight dip. We've been in a sideways chop for a bit, with the day range between 21423.72 and 21515.26. Despite the flat action, I'm seeing solid support forming around 21423.72 and 21400. Tech often sees dip-buying interest on consolidation, and I think we're lining up for a move. "Simple is best" – it's all about playing the levels.

The Setup

My view is we're due a push. I'm looking long on NAS100. Entry at 21459. Stop Loss is tight at 21404, just below that key 21400 support level. For Take Profit, I'm targeting 21596. This pushes us past the immediate resistance at 21515.26 and 21550, looking for a clear breakout. "Let it play out."