Monday, June 1, 2026

NASDAQ (US Tech 100) Weekly Market Overview: Key Levels, Fibonacci Insights & Outlook

NASDAQ weekly market overview infographic

Introduction

The NASDAQ (US Tech 100) enters the week trading near a critical technical zone after an impressive recovery from recent lows. While bullish momentum has improved significantly, the index is approaching key resistance levels that could determine whether buyers remain in control or sellers regain momentum.

This week's analysis explores the current trend, important support and resistance levels, Fibonacci retracement zones, technical indicators, and potential market scenarios for traders to monitor.

Author

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Hey, I’m Quinton — the creator behind SMV Trading. I’m a Capricorn with a passion for growth, creativity, technology, business, and financial markets. Over the years, I’ve built a lifestyle around learning, improving, and exploring multiple industries that challenge both creativity and discipline. Whether it’s trading the markets, producing music, gaming late into the night, working on tech projects, or talking cars, I’ve always believed that passion and consistency can create something meaningful. One of my biggest passions is the financial markets. Trading introduced me to an entirely different way of thinking — one built around patience, discipline, risk management, and emotional control. What started as curiosity eventually turned into a long-term journey of education, self-improvement, and entrepreneurship. Through SMV Trading, my goal is to help simplify trading concepts for beginners while building a professional platform focused on education, market awareness, and realistic trading expectations. Outside of trading, I’m also deeply interested in technology and IT. I enjoy learning how systems work, solving problems, and staying connected to the fast-moving world of tech.