ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:The Decline in Risk Appetite Continues to Be Effective
Global markets are slowly turning their attention to the Jackson Hole meeting, but they are also keeping an eye on the FED officials' statements. Despite that many officials appear to have kept their recent hawkish stance, and the dollar's recent gains continue to put pressure on risky assets. Technically, if the NQ100 index, which is behind the Fibonacci 38.2 percent retracement line, can break below the 12 720 level permanently, it can regress to the 12 600 support indicated by the 50.0 mark of the Fibonacci retracement line. Psychological 13 000 resistance will be critical in possible upside trials.
