NAS100: Riding the Bearish Wave Intraday

Market Outlook

NAS100 clearly shows a bearish trend, down -0.39% today at 21416.73. The trend is my friend here. We've seen resistance hold strong, especially around the 21450 and 21500 levels, with the day's high topping out at 21541.63. This general market sentiment is keeping pressure on tech.

My Play: Short Setup

I'm looking for a short entry on NAS100. My target entry is 21447. This level sits just below the 21450 resistance, anticipating a retest before the next leg down. My Stop Loss is set tight at 21597, just above the day's high, respecting resistance.

Targets

For Take Profit, I'm aiming for 21072. This move would break through current support levels at 21350 and 21291.83, continuing the bearish momentum. Watching closely for entry confirmation.