ANALYSIS
NQ100 Finds Support from PPIApr 14
Inflation affects NASDAQ-100
US consumer inflation hit 7.9 percent, the highest level of the last 40 years and rate hike expectations for Fed’s march meeting reached 25 bps, putting pressure on NASDAQ. In addition, risk aversion derived from Ukraine – Russia war contributes to the sales in the index. Technically, sales momentum continues and if 13 500 support is broken permanently, we will follow 13 340 support closely. On the other side, 13 750 and 13 900 resistance levels will be significant for us.
