ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:The Index Opened the Week Positively
With the non-farm employment data announced in the USA on Friday, which was above the market expectations, the possibility of the US Federal Reserve's (FED) continuing aggressive tightening put the NQ100 index under pressure. However, on the first trading day of the week, the announcement that the coronavirus epidemic measures from Beijing, the capital of China, have been greatly relaxed, increases the risk appetite, and contributes to the recovery of the technology index. Technically speaking, if the technology index, which started to price positively after the opening of the Asian session, leaves the 12 800 level behind permanently, it can rise to the 12 950 resistance. In the possible downside scenario that may be experienced in the index, the support of 12 500 will be followed closely.
