ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ: 14 780 is on our radar
Although the optimistic macroeconomic data in the US gave some support to the index, the minutes of the Federal Open Market Committee (FOMC) meeting published yesterday put pressure on the index. As Committee members agreed that tightening must be increased when inflation becomes more permanent, US 10 years is above 2 percent, increasing this pressure on the index. Technically, sales pressure will continue unless 14 780 is not exceeded. Hence, we will follow 14 400 and 14 260 support closely. However, it is wise to keep an eye on 14 900 in case of a rise above 14 780.
