ANALYSIS
NQ100 Finds Support from PPIApr 14
Long-term treasuries smash DOW30
Investors’ stress levels are still high in international markets (VIX:31.86). In addition, US 10Y Treasury hit 2.16, the highest level of the last 30 months, leading to a weak performance in Dow Jones 30. As long as 33 465 resistance level indicated by the 100-period exponential moving average is not exceeded, bearish moves are likely to continue. Thus, 32 925 and 32 655 will be our supports. In case, the 100 EMA is broken upwards, 33 730 will be an important resistance above.
