ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index Continues to Recover
Recession concerns in global markets were putting the NQ100 index under pressure. However, we see that the demand for the index has increased with the US 10-year bond yields below 3.00 percent and the decrease in investor stress (VIX: ~ 27.53). It's also backed by US President Joe Biden's announcement that he will announce a decision this week to lift tariffs on some Chinese products. If the index, which changes the trend and turns to positive pricing, can leave the 11 750 level behind, it can rise up to the 11 920 resistance. In possible downward movements, 11 500 support can be followed.
