Nasdaq technical evaluation: All-time excessive is a value magnet

Nasdaq Futures Update: The All-Time High is a Price Magnet

Nasdaq futures are approaching a critical price level—the all-time high (ATH) of 22,425.75—a key point that many traders, algorithms, and institutions are closely watching. This level holds significant liquidity, with stop orders, take-profit targets, and pending market orders accumulating there.

Historically, when price gets this close to a major level, the probability of reaching it increases significantly—even if the path isn’t straightforward. More than 50% of past cases suggest that we are likely to at least test the ATH in the coming sessions.

The last time Nasdaq hit this ultra-high was on December 17, 2024—63 days ago. So far, we haven’t touched this level in 2025, but the technical picture suggests we might.

Technical Snapshot

• RSI: Currently at 62.10, trending up, and above its 14-day moving average.
• Momentum: Strong, but not yet overbought—suggesting room for further upside.
• Market Structure: Range-bound for weeks, but now pressing towards the key level.

Even if price briefly sells off before reaching the ATH, the most probable outcome remains an eventual test of 22,425.75 or just slightly below it. Whether it breaks through and sustains higher levels is another question—one that order flow will help answer in real time.

Trade at your own risk.

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