Chart Alert: NASDAQ 100 at Risk of Triggering a Multi-Week Corrective Decline Leg

The article warns that the Nasdaq 100 is showing signs of a medium-term technical breakdown after underperforming other major US indices this week. It says investors are rotating away from richly valued AI and semiconductor leaders as concerns rise over heavy capex, valuation compression, and delayed monetization. Semiconductor weakness is a key driver: the SOXX ETF has fallen below its 50-day moving average, volatility is expanding, and major chip names have recently sold off. The report highlights a critical support level at 28,200 on the Nasdaq 100 CFD; a decisive break below that neckline of a potential double-top pattern could trigger a multi-week corrective decline, while a move back above 28,945 would ease bearish pressure.