Markets are showing broad weakness across tech and large-cap indices.
$PYPL hits its longest losing streak since January 2022, while $AMZN plunged below its 200-day moving average post-earnings.
$QQQ closed under its 100-day MA for two straight days—the first since May—and $GOOGL dropped below its 50-day MA.
Even $SPY has turned red in 6 of the last 7 sessions, signaling that both individual techs and broader indices are under pressure.
Traders should watch key support levels and manage risk as the pullback unfolds.
1. $PayPal(PYPL)$
PayPal $PYPL has now declined for 10 consecutive trading days, its longest losing streak since January 2022 📉📉
2. $Amazon.com(AMZN)$
Amazon $AMZN obliterated in after hours trading after earnings 🚨 Plunged right through its 200-day moving average and is now trading below its 200D by the most since April 📉👀
3. $Invesco QQQ(QQQ)$
Nasdaq $QQQ has now closed below its 100-day moving average for 2 consecutive days for the first time since May 🚨🚨🚨
4. $SPDR S&P 500 ETF Trust(SPY)$
S&P 500 has now traded red in 6 of the last 7 trading days 👻😱📉
5. $Alphabet(GOOGL)$
Google $GOOGL fell below its 50-day moving average for the first time since June 📉📉
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