NAS100: Bearish Pressure Holds. Shorting the Retest.

Market Outlook

NAS100 remains firmly bearish. The 24h change shows a clear -0.69% dip, confirming strong selling sentiment. Current price sits at 21352.67, but the trend is undeniably down. "The trend is your friend" is the rule here. I'm seeing resistance at 21400 and 21450 holding firm, with the daily high at 21573.67 as a key area to watch.

Trade Setup

Taking this trade. I'm looking for a short entry on NAS100 at 21406. This aligns with a retest of the 21400 resistance zone, a clean setup for trend continuation. Stop Loss is set aggressively at 21671, just above the daily range high. My Take Profit target is 20743. The levels are clear.
This is an intraday play, but always manage your risk. While the bearish momentum is strong, market conditions can shift quickly.