ANALYSIS
NQ100 Finds Support from PPIApr 14
13,000 Resistance Will Determine the Buying Movements in NQ100
The day we left behind; Minneapolis Fed Chairman Kashkari announced that they will do whatever it takes to bring inflation down. This statement put some pressure on the index. However, the moderate easing of the dollar and the fact that the PMI indicators meet the market expectations continue to support the NQ100 index with the expectations that the US Federal Reserve (FED) will reduce the tightening momentum as the country enters a technical recession. From a technical point of view, the psychological level of 13 000 will be critical in the technology index, which remains tied to the rising channel movement on the second trading day of the week. Permanently crossing over here, 13 160 resistance, which is the highest level of about 3 months, can be followed. On the other hand, 12 700 support can be observed in downside attractions.
