ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ is likely to lose more
In the FOMC meeting released yesterday, the Committee members stated that 50-bps rate hike might be necessary and they are close to reaching a consensus on reducing its massive bond holdings at a maximum pace of $95 billion a month, leading to losses in NQ100. The index started with responses today, yet this performance couldn’t last long and if it breaks 14 400, we will follow 14 280 support. On the other side, 14 680 and 14 800 resistance levels will be on our radar.
