ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Recoveries May Continue in Index
Manufacturing Purchasing Managers Index (PMI), announced by the Procurement Management Institute (ISM) for the USA, expanded strongly in May with 56.1 points, above market expectations. The reactions to the NQ100 index continue on the fourth trading day of the week. Technically speaking, the technology index, which is supported by the 50-period weighted moving average, can recover up to the resistance of 12 880 if it passes above the 12 750 level permanently. In the possible downward scenario, 12 480 and 12 350 supports will be followed.
