#NQ100: SELL 21050, SL 21400, TP 19500 | 29 May 2025

The index continues to be held up from falling. Initially, conditions looked favorable for the bears as the price dropped rapidly, but it was followed by an equally swift rebound. There is reason to believe that an initial impulse in a forming downward trend has completed. If so, the current rebound should be seen as a corrective phase. In this case, a short-term price increase is likely, followed by a renewed decline. Overall, the current price action fits the structure of a zigzag, presumably forming wave (c) within a contracting sideways model. Based on this, opening short positions still appears to be the most logical and potentially profitable trading strategy. Investment idea: SELL 21050, SL 21400, TP 19500.