Since the beginning of the year the US technological index gained almost 19.5% however last week dropped more than 1.0% and is in a bullish phase since early July. Last week the index went back and forward without any clear direction and closed in the middle of the weekly range, in addition managed to close below the previous week low, which suggests a bearish momentum. The 10-week moving average is now below the index price switching the role of a dynamic resistance to a dynamic support. The stochastic crossed below the overbought zone and is setting lower highs while price is making higher highs, signs of a potential bearish divergence. Expecting a downward move to a Fibonacci retracement at 5,446.00 (scenario 1) or even down to another Fibonacci retracement at 5,276.38 (scenario 2) on a break below the previous week low at 5,760.50.