ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 at Monthly Low
There was a critical data flow in the US session we left behind. Accordingly, industrial production in the world's largest economy contracted by 0.2 percent in November. Retail sales also fell 0.6 percent in the same period. While the data reveal that the US economy slowed down again in the last quarter, we are watching the pressure in the NQ100 index. Technically speaking, it is quite clear that the index has made a trend change. If a permanence under 11 500 can be achieved, it seems likely that sales will allow a consolidated decline to 10 950, behind 11 140.
