During Monday's session, we could observe mixed sentiment in the US stock market. Looking at the chart of the technology index, the quotations are still under selling pressure, which was related to the publication of inflation data in the past week. For the moment, the key zone seems to be 12010 points - 12050 points. Despite the attempt at a rebound, classic TA assumptions speak of a downward trend. Only the negation of this zone could contribute to a larger rebound. The area marked in purple is due to the upper limit of the 1:1 system, the average of the last 100 periods and the grouping of two Fibo measures - 38.2% and 23.6%.
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