US100: Short from resistanceUS Tech 100 CFDFOREXCOM:NAS100ProfessorSingapore🎯 Trade setup: Direction: Short from resistance 🔻 Entry: 29,500–29,600 🛑 Stop Loss: 29,850 🎯 Take Profit 1: 29,200 🎯 Take Profit 2: 28,900 📰 News: US100 is trying to recover after the recent tech and chip selloff. Nasdaq futures showed a small rebound, but sentiment remains cautious because oil prices are rising again on Middle East tensions, while traders wait for U.S. CPI and Fed Chair Warsh’s testimony. Higher inflation or hawkish Fed comments could pressure growth stocks again. 📊 Analysis: On the 1H chart, US100 is trading near 29,400 after rebounding from the 29,150–29,200 support zone. The recovery is visible, but price is still below the key resistance area around 29,500–29,600, where the moving averages are also acting as pressure. The broader structure is still neutral-to-bearish unless buyers reclaim 29,600. A rejection from this zone may bring sellers back. Scenario: If US100 fails to break above 29,600, sellers may push the index back toward 29,200 and lower. A bullish scenario needs a confirmed breakout above 29,850. Until then, the current move looks more like a corrective rebound. ⚠️ Not financial advice.