US100 Price Outlook – Trade SetupUS Tech 100CAPITALCOM:NAS100ATFX_Global🌐Macro Background The U.S. Treasury's plan to double its bond buybacks has curbed long-term bond yields from multi-decade highs, providing a tailwind for broader stock sentiment. Despite the broad market rebound, U.S. technology and semiconductor stocks continue to underperform, weighing on the tech-heavy US100 index. FOMC minutes highlighted that officials still view inflation as elevated, maintaining a cautious tone ahead of the upcoming Jackson Hole Symposium. 📊Technical Structure US100 is trading within a well-defined descending parallel channel. Key Resistance: 29,817-29,981 Key Support: 29,290 – 29,124 🎯Trade Setup(Sell on Rallies within the descending channel) Look for short positions on rallies into the upper 29,800 region. Take Profit: 29,290 – 29,124 (Support Zone) Stop Loss: 30,020 (Above the upper Resistance Zone boundary) ❌Invalidation The bearish outlook is invalidated if price closes above 29,981. 📝Trade Summary Look for short entry opportunities on rallies toward 29,800, targeting the 29,290 – 29,124 support area, with a stop-loss above 30,020. ⚠️Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.