NAS100: Bearish bias holding. Ride the trend lower.

Market Outlook

NAS100 is clearly bearish. The trend is your friend here. We're currently at 21411.49, down 0.41% on the day. Broader market sentiment is leaning risk-off, reinforcing this downtrend. Resistance levels are holding firm, with 21450 looking strong, and the day's high at 21544.26 well above current price.

Intraday Short Play

I'm taking this trade. Clean setup. Targeting an entry around 21443. We've seen rejection off these zones previously. Stop Loss is set tight at 21602, just above the daily high and prior resistance. Levels are clear. We need to push through supports like 21350 and 21300 to hit the target.

Trade Details

My Take Profit is aggressive at 21045. A break below the day's low of 21278.72 would confirm further downside momentum. Always manage your risk, the market can always surprise.