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- The Nasdaq 100 just flashed a technical "sell" signal ahead of Nvidia's big earnings report, according to Fairlead Strategies.
- The sell signal reflects a loss of momentum and suggests "several weeks of corrective action, at a minimum," Fairlead's Katie Stockton said.
- Stockton highlighted 13,834 as support for the Nasdaq 100, suggesting potential downside of 6%.
Technology stocks are poised for more downside after the Nasdaq 100 index flashed a technical "sell" signal, according to Fairlead Strategies' Katie Stockton.