ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ opened bullish
FOMC members’ statement that they are supporting 50 bps rate hike were a downward factor on the index; however, positive news from the negotiations between Russian and Ukrainian delegates and Russia’s Eurobond payment led to ease of tensions in global bond markets, supporting the index. Thus, if NASDAQ-100 breaks 14 445 level permanently, we will follow 14 560 indicated by Fibonacci 61.8 expansion line. On the other side, 14 220 and 14 100 support levels will be on our radar.
