ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Continues Positive Divergence
Although the DAX40 index lost some of its gains in August due to a drop in investor confidence in the Eurozone, we notice that demand for the index has remained strong due to Europe's relatively low levels of investor stress (VSTOXX: 22.82). It is also possible to say that the pricing of the energy crisis between the West and Russia left behind the index. Technically speaking, if the 13 811 level marked by the Fibonacci 78.6 percent expansion line in the index, which signals positive movements, can be overcome permanently, the upward path can extend to the psychological 14 000 resistance. In possible downward movements, 13 460 and 13 240 supports may come to the fore.
