Nasdaq Index Pulls Back After Reaching Record Highs

By Mostafa Mahmoud On Jun 4, 2026

NASDAQ

Nasdaq is trading in a medium term uptrend, which opens the door for further gains and the formation of new highs. However, if the $29,750 support level is broken to the downside, prices could retest the $28,700 level during today’s trading session.

Support	29750	28700
Resistance	31000	31200

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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