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US Tech 100 forms a bearish flag near 19,921.8 support with 20,337 resistance in focus A breakout or breakdown looms

NASDAQ was down on Thursday morning after testing the high level of 20534 in the last trading session as Nasdaq Composite declined 1.12% and 2.04%, respectively, weighed down by a sharp selloff in tech stocks. The Dow slipped 0.31%. Leading the downturn were megacap tech names, including Tesla (-5.6%), Nvidia (-5.7%), Meta (-2.5%), Palantir (-4.4%), and Amazon (-2.2%).