ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index May Deepen the Losses
The concern about the risk of recession caused by high inflation and tightening in global markets is also having an impact on the NQ100 index. On the other hand, the dollar, strengthened by the rise of US 10-year bond rates to 3.05 percent, weakens the index. Technically speaking, if the technology index signals downward movements on the last trading day of the week, if it can leave the 12 100 level behind permanently, the regression may continue to 11 960 support. Looking at the possible upside scenario, 12 420 resistance will be watched closely.
