US100 – Breakout or a Classic Bull Trap?US 100CAPITALCOM:US100sukhija01 The US100 (Nasdaq Index) has recently shown what looks like a breakout on the 4-hour timeframe after a phase of consolidation. On the surface, this can easily be perceived as a bullish continuation. However, a closer look reveals that the breakout might just be setting up for a classic bull trap. I am currently positioned short on the index with a view that the current move could fail to sustain. The price has entered into my marked supply zone, an area where selling pressure historically outweighs demand. If this zone holds true to its nature, we can see a strong rejection from here. • LTP (Last Traded Price): 23,690 • Supply Zone: Highlighted on chart • Downside Target: Around 22,500 The broader structure still suggests that while short-term euphoria pulls prices higher, the underlying momentum may not support sustained gains. If the bulls lose control here, the downside could open up swiftly, validating this thesis. I’ll be watching how price reacts in this zone closely. For now, I remain short-biased, anticipating a rejection and a move towards the 22,500 mark.