ANALYSIS
NQ100 Finds Support from PPIApr 14
50 MA Will Be Decisive in SP500
It is seen that the pressure on the SP500 index continues, with the meeting minutes of the Federal Open Market Committee (FOMC) reporting that the members agreed to raise interest rates by 50 or 75 basis points. At this point, the strong appearance of the dollar also weighs on the index. Technically speaking, as long as the 3,955resistance indicated by the 50-period simple moving average is maintained as the resistance, the index can give the signals of downward movements, if the 3, 820 level can be closed with permanent closes, a pullback to 3,740 support can be observed. On the move above the possible 50 MA, psychological 4,000 resistance will be critical.
