ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ is bullish today
FOMC members’ statements about tightening led to loss of momentum in the index. However, higher-than-expected PMI data indicated strong growth and Alibaba Group’s share buyback program continues to support the index. In addition, VIX is ~ 21.67 and contributing the rises in NASDAQ. Technically, if it exceeds 14 940 permanently, we will follow 15 120. On the other side, 14 625 - 14 460 will be our support zone.
