NAS100: Short Play Confirmed. The Trend is Your Friend.

Market Outlook: Bearish Momentum

NAS100 is clearly in a bearish trend, showing a -0.47% drop over 24h, currently at 21398.06. Price action confirms downside pressure, respecting resistance levels. Broader market sentiment points to caution in the tech sector, underpinning this move.

Technical Setup: Intraday Short

My analysis flags a solid intraday short opportunity. We're looking for an entry at 21435, aiming to capitalize on the rejection from the 21450 resistance zone. Stop Loss is tight at 21618, just above the daily high of 21550.97, managing risk aggressively.

Target & Execution

The Take Profit is set aggressively at 20976, well below established support at 21245.1