USTEC | Nasdaq 100 Slides on AI Regulatory ConcernsUS Tech 100 CFDSTONEXTRADING:USTECH100CFDDatTongMacro approach: - The Nasdaq 100 tumbled as concerns over potential data-center restrictions sparked a selloff in AI stocks. - Democratic wins in Texas and Georgia heightened expectations of construction moratoriums, potentially weighing on chip demand and infrastructure spending. - The index could remain under pressure as regulatory uncertainty fuels concerns about returns on AI investment. Technical approach: - After breaking below EMA24. USTEC continued to plunge toward the support at around 26200 before rebounding. The index is below both diverging bearish EMAs, suggesting a potential downtrend continuation. However, we also need to be cautious of mean-reversal trades. - If USTEC breaks below 26200, it may plunge toward the next support at 25150. - Conversely, closing above 27200 may prompt a further correction toward both EMAs. Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness