ANALYSIS
NQ100 Finds Support from PPIApr 14
Corrective Movement in NQ100 Continues with Weak Volume
We see that the concerns created by the increase in coronavirus cases in China that will slow down the global economic recovery have a limited effect on the stock market. On the other hand, the support of the 10-year US Treasury yields falling below 3.75% continues. Technically speaking, the index appears to have ended its descending wedge formation. If the transition to 11 095 resistance on the correction path can be completed, the 11 450 level may come to the fore following 11 265. In possible retracements, 10 760 and 10 600 supports can be followed.
