NAS100: Bearish Momentum Continues - Targeting Further Downside

Current Market Scan & Trend Confirmation

Good morning, KoraFX community! Taking a close look at the NAS100 this morning and the picture remains quite clear. We're currently trading around 21402.24, showing a 24-hour change of -97.76 points, or -0.45%. This continuation of downward pressure firmly reinforces the existing bearish trend I've been tracking. The daily range from 21255.6 to 21548.88 tells us there's been volatility, but the overall direction is undoubtedly to the downside. My core belief, "The trend is your friend," strongly applies here. We've seen resistance around the 21450 and 21500 levels hold firmly, with price struggling to reclaim these key areas