NAS100: Bearish Momentum Continues – Short Play Setup

Market Outlook

NAS100 is clearly bearish, the trend is your friend here. We're seeing it down -0.46% in 24 hours, currently trading around 21400.11. The sentiment is heavy, and price action struggles to hold above key resistance. Simple is best – follow the flow.

The Setup

Looking for a short entry on NAS100 at 21436. We’ve got resistance at 21450 and 21500 holding strong; price is rejecting these levels. My stop loss is set at 21616, giving it room above the day's high of 21549.94. This looks like a textbook entry for an intraday move lower.

Target & Let It Play Out

The target for this move is 20987. That means we're looking for a strong push past the support levels at 21350, 21300, and 21250.28. The market's showing weakness, so I expect those to break. Let it play out.