ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ started to decline with the news from Apple
NQ100 index, which entered the recovery path as the Fed's 100 basis point aggressive interest rate hike off the table for the moment, halted its rise just after Apple's announcement that it would reduce hiring and expenditures for the next year for some teams within the company. Technically, if the technology index, which gives bearish signals on the second trading day of the week, breaks 11 780 level with permanent closes, losses will continue towards 11 650 support. On the other side, 12 100 will be closely followed in possible upward movements.
