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NAS100 Struggles Below 24,813 Resistance – Rising Wedge Signals Risk of Drop Toward 24,148 Support

NASDAQ was down on Wednesday morning after testing the high level of 24782 in the last trading session as Nvidia fell 2.8% following Monday’s surge tied to its $100 billion OpenAI investment, as traders questioned the deal’s structure and heavy energy requirements. Other tech heavyweights also pulled back, with Tesla (-1.9%), Amazon (-3%), Oracle (-4.4%), Microsoft (-1%) and Meta (-1.3%) all declining.