The market is showing bearish sentiment across Nasdaq (NQ=F), S&P 500 (ES1!), US100, and Gold (XAUUSD). These indices and commodities are exhibiting bearish patterns, failing to hold key levels and showing weakness against moving averages. Specifically, QQQ and SPY are trading within descending channels, with support levels around 617.5 and 689.5 respectively being tested. Failure to hold these levels could lead to further downside towards 605 for QQQ and 680 for SPY. NVDA shows signs of consolidation, but the overall market sentiment is bearish, suggesting a potential downtrend continuation. The key levels to watch are 179.3 for NVDA and 394.9 for SMH, as breaks below these could indicate further weakness.