NAS100 Short Play: Trend is Your Friend Below 21450

Market View

NAS100 is clearly bearish, down -0.47% in the last 24h. We're seeing price below 21400 right now, currently at 21399.83. The trend is your friend, and it's pointing south. With broad market sentiment still cautious, any rally towards resistance looks like a fade.

Technical Setup

I'm looking for a scalp short here. Entry targeted at 21436, playing off a potential retest of resistance around 21450. My stop loss is tight at 21616, just above the daily range high of 21550.09. Textbook entry for a pullback within a downtrend.

The Trade

Targeting 20985 for profit, watching for how it reacts around support levels like 21350 and 21300 on the way down. Let it play out. Simple is best when the trend is this clear. This is an aggressive scalp, so manage your risk accordingly.