US equity funds record weekly outflows amid tech weakness

GOOGL shares fell 1.3% in the last close, with the RSI at 40, indicating short-term weakness. The MACD line is below the signal line and in negative territory, confirming weak momentum. The price is trading below both the 20-day and 50-day moving averages, creating a negative technical outlook. News headlines highlight weakness in the technology sector, which could add further pressure on GOOGL. The downtrend is expected to continue in the short term.

NDX has experienced a negative trend, falling 2.94% in the last 24 hours. The RSI has dropped to 45.5, below the neutral zone, indicating weakening momentum. The MACD line remains below the signal line and in negative territory, supporting a short-term bearish outlook. While the price is just above the 20-day moving average (29,381), it remains below the 50-day moving average (29,869). News headlines highlight fund outflows linked to tech weakness, which could add further pressure on the index.

Fund outflows linked to technology weakness continue to pressure the market. The SPX is trading below its 20-day moving average, with the RSI at 42 in weak territory. The MACD line is trending negatively below the signal line, confirming short-term downside momentum. The 1.64% decline over the past 24 hours indicates sustained selling pressure. However, as the market has not yet entered oversold territory, the pace of the decline may slow.

The technology-heavy QQQ fell 2.87% in the last 24 hours to 716.26. Although the RSI at 46.19 remains in neutral territory, the MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is attempting to hold just above the 20-day moving average (714.67) but trades well below the 50-day average (726.85). News headlines confirm fund outflows tied to tech weakness, suggesting selling pressure may persist in the coming days. A break below the 714.67 support level could accelerate the decline.