NAS100: Bearish Trend Confirmed – Short Setup Targeting Lower Levels

Market Outlook: Trend is King

The NAS100 is clearly bearish, sitting at 21373.58 and down -0.59% (-126.42 points) over 24 hours. The trend is your friend, and it's pointing south. We've seen resistance at 21400 and 21450 hold firm, indicating underlying market weakness is pushing this down.

The Play: Shorting Resistance

My scalp setup is simple: shorting the NAS100 at 21419. I'm looking for a retest of that 21400/21450 resistance zone before the next leg down. Stop Loss is set tight at 21647, just above the daily range high of 21563.21. Target is aggressive