NASDAQ After the Fireworks: Bearish Setup LoadedUS 100CAPITALCOM:US100AR33_After the classic 4th of July rally, I stepped in on the short side of Nasdaq, targeting 22,000 and 21,400 zones. The market structure shows exhaustion, and with the cloud retest failing to hold new highs, I positioned accordingly. Technical: •Price stalled at prior expansion highs with tight compression near 23,000. •Daily FibCloud offered resistance confirmation. •Bearish risk-reward skew forms after extended rally and thin retraces. •Volume divergence spotted. Fundamentals: Multiple overlapping uncertainties: •Trump confirmed tariffs will take effect on August 1, threatening a 10% surcharge on BRICS-aligned nations. •Treasury Secretary Bessent anticipates several trade deal announcements within 48h—but stresses quality over quantity. •Bank of America maintains its base case of 0 rate cuts in 2025, citing strong economic data and sticky inflation risks. The combination of tariff escalation, hawkish monetary expectations, and global trade friction creates a perfect backdrop for volatility and correction—especially in overextended tech indices like the Nasdaq. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.