ANALYSIS
NQ100 Finds Support from PPIApr 14
Decline in Investor Stress Continues to Support NQ100
Although the statements of the members of the Board of Directors of the US Federal Reserve (FED) in hawkish tones have weight on the index, we see that the recovery in stocks has been carried over to the first trading day of the week as a result of the improvements in the investor risk atmosphere. Technically speaking, if the technology index NQ100, which continues its channel movement by surpassing the downtrend, breaks above 11 465 level with permanent closes, it can target 11 600 resistance, which will be the highest of about three weeks. In possible downward movements, 11 170 and then the psychological 11 000 supports can be followed.
