ANALYSIS
NQ100 Finds Support from PPIApr 14
High-flying NQ100 is setting new records
Discussions on the spending plan of the President Biden continue in the US. Also, volatillity index measuring the investors’ stress level is really low (VIX:16.40) considering the pandemic. Thus, NQ100 continues to rally and the index has recently set a new record. Relative Strength Index is hovering around 70, indicating purchases are highly likely to go on and on. If it stays above 15 860 indicated by Fibonacci 61.8 expansion line, we will follow 16 085 and 16 190 resistance levels closely.
