WS #16716
Major tech indices are being dragged down by severe weakness in Alphabet and NVIDIA, both of which have broken critical technical support levels. Alphabet has gapped down to extreme oversold RSI readings, while NVIDIA tests $205 support. This technical breakdown coincides with a broader market rotation where capital is flowing out of recent tech leaders into non-tech large caps and small caps, suggesting a shift in market leadership rather than just a broad sell-off.
Tech Selloff & Technical Breakdown
Major tech indices are being dragged down by severe weakness in Alphabet and NVIDIA, both of which have broken critical technical support levels. Alphabet has gapped down to extreme oversold RSI readings, while NVIDIA tests $205 support. This technical breakdown coincides with a broader market rotation where capital is flowing out of recent tech leaders into non-tech large caps and small caps, suggesting a shift in market leadership rather than just a broad sell-off.