ANALYSIS
NQ100 Finds Support from PPIApr 14
Bullish moves continue in NQ100
NQ100, which is known as technology index, is still bullish thanks to the positive nonfarm payrolls data released on Friday. Also, House passed $1 trillion infrastructure bill, leading to further positive outlook into the index. As long as it stays above the ascending trend, upward moves will continue and if 16 450 resistance is exceeded, 16 580 will be the next resistance. In case, we observe a decline below 16 185 and 16 070 level indicating the trendline, 15 945 support will be on our radar.
