ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 stays above 100 WMA
Statements from the Biden administration on fighting with the price increases eased the pressure on NQ100 despite the inflation reaching the highest level of the last 31 years. Index showed that it keeps its bullish momentum after staying above 100 WMA. If it rises above 16 165, it will possibly recover losses to 16 280 and 16 410 levels. On the other side, the trendline will be desicive in downward movements. Unless this level is broken with permanent closes, we do not expect them to powerful. However, we will keep an eye on 15 940 and 15 800 support levels.
