ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:The Index is On The Recovery Path
The day we left behind, the NQ100 index fell slightly, with the US Federal Reserve (Fed) Chairman Jerome Powell signaling that it would be appropriate to continue the bank's interest rate hikes. The support for the recovery continues to dominate in the index. Technically, on the fourth trading day of the week, the index, which is heading for the correct path, can target 11 760 resistance if it is permanently above 11 620. In case of possible downward movements in the index, 11 300 support will be followed closely.
