ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 recovers thanks to the low stress in the markets
Fed Chair Powell’s statement that reducing the pace of monthly bond buys can move more quickly than the $15 billion-a-month schedule announced earlier this month led to sales in the index for a short period of time. However, Yellen’s comments that recovery continues caused the index to recover. Technically, falls in the index halted at the trendline and if it breaks 16 465 resistance upwards, it will follow 16 575 and 16 700. On the other side, 16 235 – 16 080 support range will be on our radar.
