NAS100 Price Outlook – Trade SetupUS 100 IndexFX:NAS100ATFX_GlobalWall Street started the holiday-shortened week on a positive note, with gains in stocks and bonds driven by optimism over a potential US-Iran peace deal. Despite military strikes in the Persian Gulf, the S&P 500 and Nasdaq Composite hit new intraday all-time highs on Tuesday, led by the technology sector. President Trump stated that talks are "proceeding nicely," but warned that the U.S. could resume offensive actions if negotiations fail. Meanwhile, a global memory shortage driven by AI increased demand for chipmakers like Micron, which saw its market value hit $1 trillion after a 19% surge in share price. 🌐 Macro Background Hope for a US-Iran peace deal boosts sentiment despite ongoing uncertainty in the Persian Gulf. Technology stocks lead the market, highlighted by Micron's rise to a $1 trillion market cap and growing AI demand. Lower Treasury yields and a softening of expectations for Fed rate hikes continue to provide a tailwind for growth-heavy indices such as Nasdaq. 📊Technical Structure The NAS100 is in a strong bullish trend within a clearly defined ascending channel. Support Zone: Critical support between 29,827 and 29,958. Resistance Zone: Key resistance between 30,251 and 30,382, marking the next target for the bullish move. Trade Setup The NAS100 remains bullish within an ascending channel, favoring buying on dips or breakouts to target the upper resistance zone while respecting the support trendline. 📌Invalidation The bullish thesis would be invalidated if the index closes below the lower boundary of the support zone (29,827) on a 4-hour basis and remains below it. 📌Trade Summary The index is in a high-momentum phase after hitting new all-time highs. Traders are balancing optimistic peace-deal news with cautious positioning ahead of economic data. The bullish trend continues, but those holding aggressive longs should manage risk until a clear breakout above 30,382 is confirmed. ⚠️Disclaimer This analysis is for reference only and not trading advice. Financial markets involve significant risk; proper risk and position management are crucial.