The Nasdaq has held its 2021 highs, signaling strong resilience amid recent volatility. It established a higher low on April 21, 2025, and has since broken above the key $466 level, successfully holding the backtest as of yesterday.
The next major resistance sits at $478, aligning with the 50-day simple moving average. While a cooldown here would be reasonable, it’s important to note that many investors—especially those with deep pockets—missed the previous dip and are aggressively buying into any weakness. As the market reacts to renewed recession concerns, this dip appears right on schedule.
Timing the next pullback entry could be crucial for those looking to ride the next leg higher.