ANALYSIS
NQ100 Finds Support from PPIApr 14
Limited Recovery May Continue in NQ100
The strengthening of the expectations that the US Federal Reserve (Fed) will increase by 25 basis points after the bankruptcies brought about recovery in the index. As long as we stay above the 12 135 – 12 040 support range, it may be possible to target the 12 365 resistance in the index, which will technically continue this desire. However, in possible pressures, if the 12 040 level is passed below after 12 135 support, 11 780 support can take its place among the targets again.
