Chart of the Day - Tuesday, June 24, 2025

🏆  Today's Chart of the Day was shared by Alfonso De Pablos (@AlfCharts)
   

• The Nasdaq 100 ($QQQ) officially closed at an all-time high today, recovering from a -23% drawdown in less than three months. This was the 5th deepest drawdown on record for $QQQ, although it was short-lived.
   
• While $QQQ has surged nearly +30% from its April low, today's breakout unlocks even more potential upside. Keep in mind, the index is approaching a bullish seasonal window from June 26th to July 14th.
   
• All-time highs are the most bullish thing a stock or an index can do. At all-time highs, there's virtually no overhead supply for buyers to contend with, allowing prices to move freely into uncharted territory. 
   

The Takeaway: The Nasdaq 100 ($QQQ) officially printed an all-time high today, recovering from a -23% drawdown in less than three months. The long-term uptrend has resumed, and another double-digit rally is on the table by year-end.