ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is bearish today
Low investor stress in the financial markets and higher-than-expected trade balance in China (97.94 billion) have led to a recovery in NQ100. However, hawkish statements from the FOMC members still have downward effect on the index. In addition consumer prices, which will be announced today at 14:30, will be closely follow. Besides, Twitter's lawsuit against SpaceX's founder, Elon Musk for terminating the approximately $44 billion acquisition deal, also has an impact on the technology index. Technically, NASDAQ is bearish and if it breaks 11 600 level, we will follow 11 440 support closely. On the other hand, 11 900 resistance will be significant for us.
