ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 completed retracement moves
The index declined due to the Omicron concerns, yet it tries to recover as a result of the President Biden’s statement that $2 trillion domestic initiative might be signed into law. Weak performance of the long-term treasuries also contributes. Technically, the index completed the retracement and started to rise again. If 16 060 is exceeded with permanent closes, 16 200 will be on our radar. On the other side, we will follow 15 655 – 15 520 range below 15 800.
