Key technical levels come under pressure in tech sector, Scott Redler notes

Key technical levels come under pressure in tech sector, Scott Redler notes
Tech stocks under pressure as QQQ slips

Tech stocks are experiencing significant pressure, with QQQ already reaching last week's low and trading near the important $701 area. If this level does not hold, the 200-day moving average is close to $684. Many individual names have also fallen below their 8-day, 21-day, and 50-day moving averages.

Scott Redler, Chief Strategic Officer at T3 Live and T3 Trading Group, advised following key trading rules through the upcoming earnings season.

Redler previously pointed to a busy earnings week for TSLA, NFLX, META, and LRCX, highlighting heightened activity in major firms' reports in recent coverage. He has also noted that the S&P 500 maintained the 764 level but faced a test at 772 in an earlier update. These observations come as tech stocks struggle to hold key support areas.

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