NAS100: Bearish Momentum Confirmed – Awaiting Resistance Retest for Swing Short Opportunity

The Bearish Trend Holds Strong

Good morning, KoraFX community. Let's talk NAS100. The data is compelling: we've seen a clear bearish sentiment dominating the market, with the NAS100 currently trading at 21377.27, down -122.73 points (-0.57%) over the last 24 hours. This aligns perfectly with my core belief that "the trend is your friend." The market has been struggling within its daily range, bouncing between 21193.17 and 21561.37, indicating strong selling pressure at higher levels. This persistent downward movement isn't just noise; it’s a clear signal from institutional order flow pushing prices lower.

Technical Structure and Trade Setup

From a technical perspective, the NAS100 is respecting key resistance levels. We've seen significant pushback around the 21450 and 21500 zones. My analysis suggests that any retest of these levels offers a prime opportunity to enter short