ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ could lose more
Strong macroeconomic data coming from Chinese economy supported the volatility in the markets; however, Russian invasion of Ukraine continues to put pressure on NASDAQ-100. In addition, expectations that Fed will hike rates by 25 bps is another factor on the decline in the index. Technically, if it breaks 12 850 support today, we will target 12 700 level. On the other side, possible bullish moves could lead the way towards 13 100 and 13 250 resistance levels.
