ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is still in the recovery path
US CPI data continues to affect stocks. Expectations that a peak is observed in the consumer price index (CPI) data announced at 6.8 percent on an annual basis in November by the Department of Labor on Friday, along with the predictions that the Federal Open Market Committee (FOMC) will not be in a hurry to increase interest rates, creates demand for NQ100. Considering this; if it breaks 16 500 resistance and puts an end to the minor descending trend, we will follow 16 610 and 16 740 levels. On the other side, the 50-period simple moving average indicating 16 100 below 16 255 level will be on our radar.
