ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is still bearish after FOMC
Although we observed bullish moves in the index due to the record profit levels of the US Companies in Q4 2021, FOMC statement that March will be the month of the first rate hike of 2022 has led to a sales pressure on the index. Thus, the index is still in the first selling wave and if it declines below 13 965 level, we will follow 13 850 and 13 720 levels. On the other side, we will consider 14 225 and 14 360 resistance levels.
