NAS100: Bearish Trend Strong – Short Play Ahead

Market Outlook

NAS100 is clearly bearish, trading at 21409.45 with a -0.42% drop over 24h. "The trend is your friend," and it's pointing down. We've seen resistance around 21450 hold firm, keeping price suppressed. Technicals confirm the downside pressure.

Intraday Short Setup

My conviction is short. Looking for an entry at 21442. This aligns with the overall bearish sentiment and current price action. Broader market caution continues to fuel this move down.
Setting Stop Loss at 21605. My target is aggressive: 21035, aiming well past the 21273.62 support level. Watching closely for confirmation.