#NQ100: SELL 21600, SL 21800, TP 20700 | 17 June 2025

Following the development of an ending diagonal pattern in wave 5 of a bullish impulse structure, the NASDAQ 100 index has begun to show signs of weakness. An initial downward move was met with a sharp but short-lived rally, which was quickly countered by renewed selling pressure. This behavior indicates a potential shift in market control from buyers to sellers. If the wave analysis is correct, this marks the beginning of a larger corrective or even impulsive bearish phase. As such, there is strong justification for initiating short positions at current levels. The market may be entering a new phase of downward movement, and the coming week is expected to see continued selling dominance. Investment idea: SELL at 21600, Stop Loss at 21800, Take Profit at 20700