ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ is heading downwards
Inflationary pressures and Fed members’ statements on strong monetary tightening have halted the bullish moves in NASDAQ-100. In addition, mixed macroeconomic data released yesterday has contributed to this loss of bullish momentum. Beside, nonfarm payrolls data will be released today and it will be significant for today’s movements in the index. Technically, the index put an end to the minor ascending trend and if it breaks 14 800 level, we will follow 14 640. On the other side, we will keep an eye on 15 060 for possible upward movements.
