ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index May Limit the Recoveries
With the US 10-year bond yields below 3.00 percent and the decline in investor stress (VIX: ~ 27.54), the index recovered slightly. However, the pressure of recession worries continues in the US stock markets. Technically, selling pressure will be maintained as long as the index remains below 11 965, which is indicated by the 200-period simple moving average. If it is passed below the 11 650 level, a regression can be observed up to the 11 500 support. If the possible 200 MA is broken, 12 100 resistance can be followed.
