ANALYSIS
NQ100 Finds Support from PPIApr 14
Demand May Continue for NQ100
Following the CPI and PPI data in the USA, the weakening of the FED's 75 basis points interest rate hike continues to support the NQ100 index. However, the statements of some FED officials that it is still too early to declare victory in the inflation outlook weighed on the technology index, we think that the demand for the index will continue as the risk appetite remains alive. Technically, as long as the 13 190 level indicated by the 50-period simple moving average is defended as a support, the recovery is likely to continue above the 13 535 level to the 13 720 resistance. In the transition below the possible 50 MA, the psychological 13 000 support will be followed closely.
