This opening data has already put the bearish signal on full display📉

All three major indexes opened lower across the board and weakened further, with the Nasdaq plunging directly by 1.8%, the decline far outpacing the others. A slew of technology heavyweights collectively crashed: Nvidia, Qualcomm, Intel, and Western Digital all fell sharply. The AI sector’s crowded positioning began to flee en masse, with profit-taking concentrated and cashed out after earlier consecutive surges.

Overvalued tech stocks are the core pillar supporting this round of gains. Now, their collective selloff leading the decline indicates that bullish momentum has completely run out; in the short term, any small rebound is just a trap-and-exit window.

Technically, a high-level double top has formed, and the layered resistance overhead is difficult to break through. This round of pullback has ample downside room; you can directly look toward the 2,000-point pullback range.

Trading plan: When rebounds touch the resistance zone, set up short positions accordingly; don’t blindly catch the bottom and hold long positions. In a market where tech stocks are collectively weakening, capturing the downside “benefits” is the safer choice.
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