ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 has a potential to rise
As Federal Open Market Committee’s December meeting approaches, volatility in NQ100 has increased. However, low stress levels in the US market and long-term treasuries’ outlook has caused the pressure on the index to decline and the index halted at the 50-period simple moving average. It retains its bullish potential and after exceeding 16 250, we will follow 16 370 and 16 495 resistance levels. In case, NQ100 breaks the channel downwards, 16 000 – 15 880 support zone will be on our radar.
