ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index Limited the Recoveries
Although statements that epidemic precautions will be eased on June 1 in the country with the easing of coronavirus cases in China have supported risk appetite in the markets, Federal Reserve Chairman Jerome Powell, who spoke in the evening hours of the day we left behind, said that until high inflation falls, they will continue to tighten monetary policy. The NQ100 index limited its recovery with the announcement. Technically, on the third trading day of the week, if the support level of 12 350 can be broken, we can see a depreciation of the technology index, which will complete the correction and resolve to the level of 12 220. In the upside scenario, the resistance of 12 620 is in a critical position.
