ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is getting ready to set new records
Debt ceiling is on the table again in the US, leading to loss of momentum in the index. However, positive outlook coninues as a result of the talks between the US and China have an effect on asset prices. Increase in investors’ risk appetite is also another factor contributing to rises in the index Technically, NQ100 stays above the 100-period weighted moving average and tries to move upwards. If it breaks 16 464 level, it will target 16 585 indicated by Fibonacci 100.0 percent expansion line. On the other side, 16 260 – 16 115 will be on our radar in case of possible downward moves.
