ANALYSIS
NQ100 Finds Support from PPIApr 14
11 370 Will Be Decisive in NQ100
While the negative coronavirus-based news flows and protests in China continued in its sixth day, the decline in the risk appetite of the investor caused the index to lose some momentum. However, the expectations that the FED will raise interest rates softer at its monetary policy meeting in December keep the index alive. Today, FED Chairman Jerome Powell's messages may also be critical for NQ100 index pricing. Technically, it can be expected that the technology index will bring 11 620 and 11 750 resistances to the agenda, if it persists above the 11 370 level indicated by the 200-period simple moving average. In the possible transition below 200 MA, the pullback may take up to 11 250 support.
