ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:The Index is Priced Positively on the First Day of the Week
Recession concerns in global markets were putting the NQ100 index under pressure. However, the fall in the US 10-year bond yields below 3.00 percent and the decrease in investor stress (VIX: ~ 26.70) create demand for the technology index. Technically, if the 11 650 level is broken permanently in the index, where the buyer's outlook is dominant on the first trading day of the week with the trend change, an increase can be observed up to 11 785 resistance. In case of possible downward movements, 11 400 support can be followed closely.
