ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Is Rising Due to the Decline in Investor Stress
The controversial visit to Taiwan of Nancy Pelosi, Speaker of the US House of Representatives, is over. While Asian stocks are rising, led by Chinese technology stocks, we see that demand for the NQ100 index has increased with the decrease of investor stress in global markets (VIX: ~ 21.95). In addition, the balance sheet season's relatively optimistic picture also has an effect. Technically, in the technology index, which signals upward movements on the fourth trading day of the week, if the 13 400 level can be exceeded with permanent closings, an increase can be observed up to the 13 540 resistance, which is the highest level of about 3 months. Below, 13 080 and 12 930 supports can be followed.
