ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100: Recession May Continue in Index
After the inflation data for the U.S., yesterday exceeded market expectations at 8.3%, expectations that the U.S. Federal Reserve (FED) will not reduce the aggressive tightening rate, have put pressure on the NQ100 index. Technically, the technology index, which maintains its negative price behavior in the fourth trading day of the week, can lose value to the support at 11 600, the lowest level since November 2020, if it can sustainably pass 11 750. In case of possible attacks on the index to the top, the psychological resistance level of 12 000 will be closely watched by market participants.
