NAS100 Forms Bearish Pennant Near Resistance – Breakdown Likely Toward Key Support at 22,971

NASDAQ was down on Tuesday morning after testing the high level of 23545 in the last trading session as US stock futures fell further on Tuesday after the major averages slipped to start the week, as investors took a breather following last week’s strong rally. Attention turned toward Nvidia’s highly anticipated earnings report due Wednesday and the Federal Reserve’s preferred inflation gauge scheduled for release on Friday.
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