US Tech Compresses Before BreakoutUS TECH CASHERRANTE:US100ErranteMonday, 22 June 2026 US Tech is where the geopolitical relief trade is most visible. Price is trading around 30,375, above the 61.8% retracement at 30,296 and inside a tightening triangle. The chart is constructive while price holds above 30,024 and the lower triangle support. The next upside levels are 30,464, 30,584, 30,736 and 30,904. The logic is straightforward. Lower oil reduces inflation risk. Lower geopolitical risk reduces the equity risk premium. That combination helps long-duration growth assets first. But the rally is not free. It is being taxed by the 2-year yield. If US2Y keeps rising toward 4.24%–4.27%, the tech triangle can fail below 30,024. If US2Y stabilizes, the squeeze can resolve higher toward the previous top. Technically, Bollinger bandwidth is tight and PPO is flat, so the chart is storing energy rather than trending cleanly. The next move should be event-sensitive, with Fed Waller’s speech and U.S. rate expectations more important than oil alone.