ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Might Detect Demand Based On Risk Appetite
The ECB's interest rate increased after 11 years and Snapchat's balance sheet announcement, which fell short of market expectations, both decreased slightly. However, the decline in investor stress (VIX: ~ 23.11) continues to support the NQ100 index, as the 100 basis point interest rate hike in the USA is off the table for the moment. Technically, as long as the 12 325 level indicated by the 30-period weighted moving average is defended as a support, the technology index will maintain its buyer potential as long as the 12 670 level can be exceeded, and the demand may continue until the 12 900 resistance. If below 30 WMA, there may be 12 150 followed by psychological 12 000 support.
