NAS100: Trend is Bearish, Levels are Clear for a Short Play

Market Overview

The NAS100 is showing a clear bearish trend, down -0.66% over the last 24h, currently at 21357.73. We've seen the day range between 21144.32 and 21571.14. The trend is your friend, and right now, the friend is heading south. Broader market sentiment points to a risk-off mood, pushing tech lower.

My Setup: Shorting the Bounce

I'm looking for a clean setup to short NAS100. Resistance at 21400 and 21450 looks solid. I'm taking this trade with an entry at 21409. My stop loss is set aggressively at 21665, just above the daily high and 21571.14 resistance. Target profit is 20769. Levels are clear, but always manage your risk.