#NQ100: SELL 21600, SL 21800, TP 20600 | 06 June 2025

The index continues to push higher, inching closer to its all-time high. It seems that buyers are aiming precisely for that resistance level. Given this, an alternative wave scenario should be considered. Instead of a correction, the ongoing move may be a full impulsive wave—specifically wave 5 of a prolonged upward impulse. Currently, wave 3 of this fifth wave may be ending or already completed. If this view is correct, a corrective pullback is likely in the near future before another upward push resumes. As such, a short position could be considered to capitalize on the expected corrective decline. Investment idea: SELL 21600, SL 21800, TP 20600.