NAS100 Bearish Momentum Continues: A Short Setup Targeting 20910

Market Overview & Trend Confirmation

Good morning, traders. Looking at the NAS100, the picture remains undeniably bearish. We've seen a significant push lower, with the index currently trading around 21389.11, reflecting a 24-hour change of -110.89 points, or -0.52%. The day range has been quite telling, moving between 21222.76 and 21555.45, clearly showing the sellers in control. For me, "the trend is your friend," and the data is compelling here – the overall momentum is firmly to the downside, indicating sustained selling pressure. This confirms my bias for short positions. We're seeing lower highs and lower lows on the intraday charts, a classic bearish formation.

Technical Analysis & Key Levels

My technical analysis points to a retest of critical resistance before a further move down. We have immediate resistance levels at 21450 and 21500, with a stronger resistance point at 215