NAS100 Short Play: Riding the Bearish Trend Down

Market Outlook

NAS100 is clearly bearish, sitting at 21432.11 and down -0.32% over 24h. The global sentiment is still a bit shaky, supporting this downside move. "The trend is your friend," and right now, that trend is pointing south.

Clean Setup for a Short

I'm seeing a clean setup here. Resistance at 21500 and the day high of 21533.94 are holding strong, indicating rejection of higher prices. My entry for this scalp short is at 21457. Stop Loss is tight at 21579, respecting the aggressive nature of this trade.

Levels and Target

The levels are clear. My Take Profit target is 21152, pushing past the 21330.28 support. This is an aggressive scalp following the momentum. Always manage your risk, but I'm taking this trade.