A lot of capital got pulled out on March and is waiting on the sideline...I think a retest would be tough when people see a drop and jump back in.
I’m thinking 15% pullback to around 21000
to get in.
Waiting for tech to drop Nasdaq seems overpriced now.
While I expect a re-test I tend to agree with you that the next leg down probably won’t be a steep as the first.
Good luck with your investments.