NAS100: Short Scalp Play as Sideways Pressure Builds

Market Read & Sentiment

NAS100 is currently stuck sideways around 21481.35. The day range, 21453.38 — 21509.32, shows that tight consolidation. While it's flat, my technicals are flashing signs of underlying weakness. Broader market sentiment feels cautious, which could easily tip this into a downside move. Watching closely for that break.

Technical Breakdown & Trade Plan

Resistance at 21509.32 is holding firm. I'm looking for a short scalp on NAS100, targeting an entry around 21488. If we break below the 21453.38 support, expect quick acceleration. Stop Loss is set tight at 21522. Take Profit at 21404, eyeing that 21400 support zone. The trend is your friend, even when it's just starting.