ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30 May End the Week Positively
The DOW30 index was under pressure due to hawkish comments made by some Federal Reserve officials before Jerome Powell's speech at the Jackson Hole meeting because of high inflation rates, but the Fed's inflation indicator, the core PCE Deflator, fell to 4.6 percent in July. The DOW30 index is supported by hopes that the bank will be able to lower the tightening rate. The Chinese State Council also announced a new stimulus package worth $146 billion the day before we left, and the increase in risk appetite also had an effect. Technically, the index could reach the 33 720 resistance level, which is marked by the Fibonacci 61.8% retracement line, if it can break above the 33 500 level permanently. You can follow 33 120 and then 32 940 supports below.
