ANALYSIS
NQ100 Finds Support from PPIApr 14
Bearish moves continue in NQ100
We are waiting for the end of the first FOMC meeting of the year and the sales pressure on NQ100 is still effective. Markets expect certain signals from the Committee about rate hikes and we observe bearish moves in the index. Technically, as long as 14 385 level is not exceeded upwards, falls will be the case below Fibonacci 38.2 percent fan line. And if 14 080 support is broken downwards, we will target 13 920 support closely. On the other side, 14 550 resistance will be our target above 4 385.
