NAS100: Shorting the Rejection for Intraday Gains

NAS100 Intraday Short Play

The NAS100 is trading sideways, caught in a tight range. Current price 21445.43, with resistance firmly at 21500 and the day's high at 21527.29. We've seen a slight dip of -0.25% over 24 hours, hinting at underlying weakness. I'm looking for a retest of near-range highs before a decisive move down. The trend is your friend, even within a range – playing the rejection.

Technical Levels & Trade Setup