ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30 Rebounds With Exceeding U.S. Data
With the new US session, critical data streams for the world's largest economy arrived. Accordingly, while the New York Empire State manufacturing index recovered to minus 1.5 points in September, despite the markets' expectations of minus 13 points, retail sales increased by %0.3 monthly and %9.37 annually in August. While industrial production increases by %3.7 annually, we see that there is a reaction to DOW30, the indicator of the US stock market, with the improvement (VIX: 26.14) in the investor risk atmosphere in international markets. From this point of view, the index, which gives recovery signals by holding on to the %78.6 fan line of Fibonacci, can be followed by 32 135 levels after 31 800 in the transition to 31 485 resistance. In case of possible stretches below 78.6 percent fan line, 30 945 and 30 635 supports can be followed.
