ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is bearish
We are in the balance sheet season in the US and strong profits of the technology companies contribute to the NQ100 index. However, the index couldn’t recover from the sales pressure created by the FOMC decision for a rate hike in March. Technically, as long as it stays below Fibonacci 38.2 percent fan line, sales are likely to continue. We will follow 13 955 and 13 790 supports. On the other side, 14 240 – 14 375 will be on our radar as a strong resistance zone.
