ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 May Return Its Gains
On the last trading day of the week, we left behind, the expectation that the US Federal Reserve (FED) will continue its aggressive tightening started to weigh on the NQ100 index, with the announcement of the non-farm employment data in the USA which is well above the market expectations, with 528 thousand people. From this point of view, 13 130 support will be critical in the index, where the contracts begin to dissolve. If this level can be broken, with the end of the ascending wedge formation, 12 865 support, which is indicated by the psychological 13 000 and then the Fibonacci 38.2 percent correction line, may come to the fore. Above, 13 430 resistance can be followed.
