ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ is within the recovery path
Hawkish statements from the Fed members noting that 50-bps rate hike is possible have led to loss of momentum in the index. However, Alibaba upsized its share buyback program to $25 billion, starting the new recovery movements. Thus, we observed positive movements in the index today and if it exceeds 14 820 permanently, we will follow 15 000 resistance. On the other side, it is best to keep an eye on 14 500 and 14 330 supports against a possible fallback.
