USTEC has reacted off the pivot and could rise to the pullback resistance.
Pivot: 19,390.38
1st Support: 19,037.68
1st Resistance: 19,905.44
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In January alone, Microsoft, Google, Meta, and other tech companies have collectively cut more than 21,000 jobs. Furthermore, last year marked one of the worst periods in recent memory, with approximately 260,000 tech professionals losing their jobs.
Normally, we expect to see cost-cutting measures during a contraction stage, as was the case during the Dot-com...