ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ started to recover
Despite the hawkish statements from the Fed members, news that US President Biden and his Russian counterpart Putin will meet leads to decline in investors’ stress levels. Thus, we observe upward movements in the index. Technically, the index is within the descending wedge pattern and if it breaks 14 280 resistance, we will follow 14 430 and Fibonacci 61.8 percent retracement line indicating 14 550. On the other side, 14 000 and 13 870 levels will be our supports in downward moves.
