ANALYSIS
NQ100 Finds Support from PPIApr 14
A Head and Shoulders May Occur on the NQ100
The technology index, which accelerated its upward movements with the transition to the upward channel, was supported by the positive data from the US economy. While the statements to be made by the US Federal Reserve (Fed) Chairman Jerome Powell during the day are in the focus of the market, the head and shoulders view in the index draws attention. It may be possible for the downward pressure to continue until 12 070 support in the formation, which we expect to become active in case of persistence under the 12 280 – 1270 support range. On the other hand, we will continue to follow the 12 390 and 12 460 resistances in the possible recovery.
