NAS100 Short Setup: Sideways Action Points to Downside Potential

Technical Read & Setup

Alright team, let's talk NAS100. We're currently seeing the index trading around 21440.08, with a -0.28% change over the last 24 hours. The market has been exhibiting a distinct sideways trend, with the day range confined between 21350.21 and 21529.96. This tight consolidation is a classic sign of indecision, but the data is compelling when we look at the boundaries.
I'm eyeing a short setup here on a swing timeframe. We've seen multiple rejections around the 21500 to 21550 resistance zone, with the high of the