US100 under Pressure repeated rejection downside continuation US100SKILLING:US100MR_GOLD_12US100 continues to trade under pressure after repeatedly failing to break above the descending trendline and the 29,400–29,600 resistance zone. Price is forming a sequence of lower highs, showing that sellers are still defending every recovery attempt. due to the recent move also reflects broader pressure on the technology sector. Semiconductor weakness and concerns surrounding elevated AI valuations have recently weighed on Nasdaq, while traders remain cautious ahead of Nvidia’s earnings and upcoming inflation/Federal Reserve signals. Resistance level ; 29,300 / 29500 Support level ; 28,800 / 28,500 Technically, the key factor is the repeated rejection from the upper side of the current trading range. As long as US100 remains below 29,400–29,600, upside attempts may continue to face selling pressure a decisive break below 29,000 could strengthen the bearish continuation toward 28,805 and potentially 28,500. However, a sustained breakout and close above 29,600 would weaken the bearish structure and could trigger a recovery. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.