ANALYSIS
NQ100 Finds Support from PPIApr 14
Low Market Risk leading to bullish momentum in NQ100
Market risk is low following the statement by the FOMC that reduction in asset purchases does not refer to an early rate hike (VIX:17.11). As a result, NQ100 is still bullish, close to its record high levels. If it exceeds 16 460 resistance, 16 585 will be our next resistance level. In possible retreats, we will follow 16 185 level cutting the intermediate trendline and the 50-period weighted moving average.
