NDX (Nasdaq 100) — Late-Cycle Distribution - short $24600?NASDAQ 100 IndexNASDAQ_DLY:NDXTHE-REAL-SILENT-TRADER Timeframe: Daily Bias: Bearish NDX has been in a strong multi-month uptrend, but recent price action shows clear signs of distribution rather than continuation. - Price is compressing inside a rising wedge / terminal structure, with: - Repeated rejections near 25,800–26,000 - Weakening momentum on higher highs - Overlapping swings instead of impulsive continuation - No meaningful volume expansion on pushes higher NOTE: smart money is distributing into strength. Volatility expansion is imminent! Trade Execution — Short Entry: - Sell @ 25,529 (current price) Invalidation / Stop Loss: 26,050 (Above this invalidates bearish structure) Targets TP1: 25,000 — prior structure + psychological level TP2: 24,600 — rising channel support (high-probability magnet) Summary: NDX is compressing at the top of its trend. Breakdown favors downside expansion — but close above 26k flips the bias bullish. Trade what price confirms — not what you expect. Disclaimer: This analysis is for educational purposes only and not financial advice. Always manage risk.