ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ Recovers
VIX Index, indicator of the investors’ stress levels in financial markets, is moderate, floating around 21 and contributing to Nasdaq. On the other hand, against hawkish major central banks such as European Central Bank and Bank of England, the tightening path of the US Federal Reserve would not be sufficient to ease the pressure on the dollar, according to market participants. Technically, the index recovered the recent losses and if it exceeds 14 950 resistance, we will follow 15 100 and Fibonacci 61.8 percent expansion line indicating 15 260. On the other side, 14 650 and 14 480 supports will be on our radar for short positions.
