NQ 100 had been suffering losses for 17 days. However, the index has started a recovery recently.

The decline in investor stress, which started with the Federal Open Market Committee's (FOMC) clarification on the reducing asset purchases, continues with President Joe Biden's signing the bill on a short-term increase in the debt limit (VIX: 16.83). As a result, NQ100 showed a strong recovery and if it becomes permanent above the minor descending trend, it will target 15 200 and 15 340 levels. In possible downward movements from the trendline, on the other side, 14 970 and 14 850 support levels will be on our radar