27 Mar USTEC outlook: Potential for further declineUS Tech 100 IndexICMARKETS:USTECChartingGenieUSTEC extended its decline and broke the 24001.30 level. The price remains within the descending channel with lower swings reinforcing its bearish momentum. If USTEC sustains its bearish momentum below 24001.30, the index could weaken toward the support at 22954.80. Conversely, breaking above 24001.30 and the channel's upper bound may prompt a retest of the resistance at 24792.70. The Nasdaq 100 slipped amid uncertainties over ceasefire talks and prolonged conflict risks. Google (GOOGL) triggered a selloff in memory chips after an AI efficiency breakthrough, which reduces AI memory requirements sixfold. Meta Platforms (META) dipped amid legal setbacks. The Nasdaq 100 may remain under pressure as geopolitical and inflation risks weigh on sentiment. By Li Xing Gan, Financial Markets Strategist Consultant to Exness