ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30 is heading towards the recovery path
FOMC’s hawkish member James Bullard has closed the door for a 100-bps rate hike for this month’s FOMC meeting, leading to loss of dollar’s pressure on stock prices worldwide. Afterwards, DOW30 has broken the descending wedge upwards and if it exceeds 32 090, we will follow 32 620 and 33 250 indicated by Fibonacci 61.8 percent fan line. On the other side, 31 000 – 30 345 support line will be on our radar.
