NAS100 — 3rd November — Pre-LondonNAS100 CashVANTAGE:NAS100David_VdbNAS100 remains bearish after Monday’s sharp sell-off. The overnight consolidation has stayed close to the lows, with buyers yet to recover much of the decline. The supply zone around 28,440–28,470 is the area I’m watching. It formed during a pause in the bearish move, before sellers pushed through the previous low with strong momentum. Volume is concentrated around the base, and the zone sits above the 50% of the marked decline, on the premium side. The overnight highs around 28,150 provide liquidity before a potential return to the zone. However, price is still far below it, so a retest would require a substantial recovery. The plan is to wait for a retracement into supply for a potential short, checking whether the bearish structure remains intact along the way. With price near the lows, patience takes priority over chasing the move.