ANALYSIS
NQ100 Finds Support from PPIApr 14
Losses in NQ100 May Accelerate
We are seeing pressure in the NQ100 index as the composite purchasing managers index (PMI) announced by S&P Global for the USA yesterday dropped to the lowest level in 4 months with 45 points in December. There is also a weight created by concerns that the course of the coronavirus in China will slow the global economic recovery. Technically speaking, it is seen that the index confirms the bearish movement by breaking the minor wedge formation. If the 10 625 support can be ended with the declines, the losses can deepen to 10 330 behind 10 485. In possible recovery attempts, 10 880 and 11 000 resistances can be followed.
