NAS100: Intraday Short Opportunity as Resistance Holds

Market Context & Trend Analysis

Alright traders, Victoria Jackson here, looking at the NAS100 this morning. We're currently seeing the index trading around 21477.88, showing a slight dip of -0.1% over the last 24 hours. The overall trend for NAS100 has been rather sideways lately, with the daily range today being from 21444.69 up to 21511.06. While "the trend is your friend" is my core belief, even sideways markets offer opportunities if you're precise with your levels. The recent price action indicates that we're hovering right below a key resistance zone, and institutional order flow seems to be defending higher prices.

Technical Setup & Entry Strategy

My technical analysis suggests a potential intraday short play here. We've seen a clear rejection around the **2151