Mon Dec 15 15:30:00 UTC 2025: Here’s a summary of the text, followed by a rewritten version as a news article:
Summary:
The U.S. stock market is experiencing a pullback, particularly in the NASDAQ, due to selling pressure in growth and tech stocks. The NASDAQ and S&P 500 have fallen below key moving averages, signaling a potential deeper corrective phase. The article notes specific technical levels to watch. Broadcom, despite positive earnings, is also declining, reflecting high expectations and concerns about margins. A video analysis by Greg Michalowski provides a deeper dive into the technical factors driving the market moves and identifies key targets.
News Article:
Tech Sell-Off Drags Down NASDAQ, S&P 500 Faces Pressure
New York, NY – U.S. stocks are under pressure as a wave of selling grips growth and technology shares, with the NASDAQ Composite leading the decline. After recent attempts to sustain record highs, the market is showing signs of technical vulnerability, according to analysis from investingLive.
The NASDAQ has breached its 100-hour and 200-hour moving averages, signaling increased control by sellers. Key support is now being eyed near the 22,698 level, representing the 38.2% retracement of the August low rally.
The S&P 500 has also weakened, falling below its 100-hour moving average. Analysts are now watching the 200-hour moving average around 6,780 as the next critical support level. A break below this could trigger a further sell-off towards 6,650, the 38.2% retracement level from August.
“Failed breakouts, broken moving averages, and fading momentum are shifting control back toward sellers,” notes Greg Michalowski, author of Attacking Currency Trends, in a video analysis of the market.
Even Broadcom, a bellwether tech stock, is facing downward pressure despite reporting better-than-expected earnings. Investors are reacting to a slight dip in margins, highlighting the company’s “priced for perfection” status. Broadcom shares are now testing a key trendline around $344, with a potential move to $330 if the level breaks.
Investors are advised to exercise caution and monitor key resistance levels, as rallies are likely to be met with skepticism until these levels are reclaimed. Michalowski’s video analysis provides further insights into the technical factors driving the market and identifies key targets for the NASDAQ, S&P 500, and Broadcom.
First Piper 