ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 May Sustain the Recoveries
After the non-farm employment data , the markets recovered to 2.75 percent of the US 10-years levels with the expectation that the FED will continue its aggressive tightening. Its a burden to the NQ100 index. However, the low levels of investor stress (VIX: 21.29) with the easing of tensions on the US-China line maintains a receptive outlook in the technology index. Technically speaking, the index, which maintains its upside eagerness in the channel formation, can rise to 13 510 resistance, the highest level since May, if it breaks above the 13 350 level with permanent closes. Below, the psychological support of 13 000 can be followed closely.
