ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is targetting record levels
Statements from the Federal Reserve members that it is too early for a possible rate increase caused investors’ risk appetite to decline to the lowest levels of the pandemic period, supporting NQ100’s bullish potential. Positive balance sheet of the companies also contribute to this potential of the index. Technically, ascending movements will continue as long as the index stays above 15 300 level and if 15 570 resistance is exceeded with strong purchases, 15 710, which is the highest level of all times, might be the new target. Below 15 300, on the other side, our support level will be 15 165.
