USNAS100 | Bearish Structure Remains Below Major SupportUS Nas 100OANDA:NAS100USDSroshMayiUSNAS100 | Bearish Structure Remains Below Major Support European semiconductor stocks continued to decline as renewed concerns over AI-related spending weighed on technology shares, extending the recent selloff across the global chip sector. With investors questioning whether AI investment can continue to justify current valuations, the Nasdaq remains under pressure. Technically The broader structure remains bearish after the index stabilized below the major support at 28410 and is now trading around 27870. As long as the price remains below 28410, the next downside target is the first demand zone at 27540. A confirmed break below 27320 would strengthen bearish momentum and extend the decline toward 26730, followed by 26190. To invalidate the bearish outlook, buyers must defend the 27540–27320 demand zone and push the market back above 28410. Support: 27540 – 27320 – 26730 Resistance: 28410 – 28860 – 29210