Markets are entering a consolidation phase following the recent rally, and the momentum behind the uptrend is showing signs of fatigue.

Key support levels are now under scrutiny. The major indices face a critical juncture—holding these zones keeps the bull case alive, but a breakdown could trigger a sharper pullback to the 21-day moving average. Meanwhile, tech-heavy segments are lagging noticeably and need to establish a floor around $622–$623 to prevent further weakness.

This window demands careful positioning as we await clarity on whether buyers will step in to defend support or if renewed selling pressure will test lower levels.