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Nasdaq 100 Struggles Between Key Resistance and Support Levels Bearish RSI Signals Persist

NASDAQ was down on Friday morning after testing the high level of 21335 in the last trading session as the Congressional Budget Office estimates the tax-and-spending package bill’s cost at nearly $4 trillion, heightening fears of long-term fiscal instability. These concerns were amplified by Moody’s recent downgrade of the US credit rating from Aaa to Aa1, citing rising deficits and the growing cost of servicing the national debt.