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US Tech 100 at Crossroads Descending Channel Between Key Support and Resistance Indicates Potential Trend Reversal or Breakdown

NASDAQ was down on Wednesday morning after testing the high level of 21560 in the last trading session as Investors remained focused on developments surrounding the federal budget bill and widening deficit. On the global front, tensions resurfaced after China accused Washington of undermining recent trade talks in Geneva, following a U.S. Commerce Department warning over Huawei chips.