ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Is Under Pressure After FOMC Minutes
The day we left behind, it was stated in the minutes of the Federal Open Market Committee's (FOMC) monetary policy meeting on July 26-27 that interest rates would continue to rise until inflation drops significantly, putting international assets under pressure. Technically speaking, the technology index, which signals that it can deepen the downward movements by breaking the ascending wedge formation, can leave the 13 250 support behind, and then regress to the 12 900 level, which is indicated by the Fibonacci 50.0 percent correction line. In upside reactions that may occur, 13 560 and 13 700 resistances can be followed.
