NAS100 weekly: tech index drops 287 points to 30128, 2026-06-01
Where NAS100 closed the week
The tech-heavy index opened Monday at 30415.94 and closed Friday at 30128.25, a drop of 287.69 points or 0.94%. The week's high came Wednesday at 30760.02, while Friday's session pushed the low to 29995.61. Volume peaked Thursday at 278195 contracts before tapering to 73128 on Friday.
What moved price
Tuesday's rally to 30660.36 reversed sharply on Wednesday, with the index shedding 323 points to close at 30337.11. The selling accelerated Thursday and Friday, breaking below the psychological 30000 level briefly before a modest bounce into the weekly close.
The 765-point swing from Wednesday's high to Friday's low marked the sharpest two-day decline in recent weeks. Heavy volume on the down days suggests institutional distribution rather than retail profit-taking.
The week ahead
No major economic events are scheduled in the bundle for next week. Without fresh catalysts, the index may consolidate between 30000 and 30400. If buyers defend 30000, a retest of 30400 becomes probable. If that level breaks, the Wednesday high near 30760 returns to focus.
Positioning
Retail positioning shows 54.9% long versus 45.1% short as of Friday morning. The modest long skew suggests traders expect a bounce from current levels, though the bias is not extreme enough to signal overcrowding.
Levels to watch
The 30000 round number proved magnetic on Friday. If it holds on any retest, the Monday open at 30416 becomes the next resistance. Below 30000, the 29900 area could attract buyers. The Wednesday high at 30760 remains the key upside pivot for any recovery attempt.
Byline: LHFX Research
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