16 000 support will be decisive in bullish momentum


 

Statements by the Federal Open Market Committee about tapering after the meeting yesterday did not indicate an early monetary tightening. As a result, NQ100 set a new record again. If it stays above 16 000; 16 300, 16 415 and 16 540 level indicated by Fibonacci 141.4 percent expansion line will be on our radar. In possible decreases below 16 090, 16 000 and 15 920 support levels will be on our radar.