AI-bubble fears dragged USTEC lower.US Tech 100 IndexICMARKETS:USTECinkicho_exness Alphabet (GOOGL) CEO Sundar Pichai added to the cautious mood, noting that the current AI boom shows signs of irrationality and warning that no company would be immune if the bubble bursts. Meanwhile, ADP data showed private-sector jobs falling by roughly 2.5k per week over the four weeks to Nov 1, fueling worries about a labor-market slowdown. Fed Governor Waller reiterated his support for a December rate cut, citing ongoing softness and stagnation in the labor market. This week’s NFP release may shape expectations for further Fed easing and add to market volatility. USTEC extended its downtrend, breaking below 24525. The diverging bearish EMAs indicate a potential expansion of the bearish structure. If USTEC breaks below 24300, the index could decline further toward the next support at 24000. Conversely, if USTEC closes back above 24525, the index may advance toward the next resistance at 25200.