ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Limits its Losses
Global investor risk appetite has recovered somewhat after the expected steps in coronavirus measures came from China. On the other hand, the pricing of less aggressive interest rate hike expectations of 50 basis points for the December meeting of the US Federal Reserve (FED) is still in question. Under this outlook, the NQ100 index, which clings to the 50-period exponential moving average (EMA) in its declines, can focus on the psychological 12 000 following 11 825 if it can recover to 11 665 resistance. In possible declines below 50 EMA, 11 360 and 11 215 supports can be followed.
