ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:The Recovery in the Index Has Not Been Permanent
On the first trading day of the week, sector data showed a sharp decline despite growth expectations in China, the world's second-largest economy, while the closures of the coronavirus increased the stress of investors worldwide and pressured the NQ100. In addition, the statements of the members of the Federal Reserve (FED) about high inflation also have an impact. From a technical point of view, the technology index, where downward movements continue as long as the level of 12 470 indicated by the 50-period simple moving average is not crossed on a sustained basis, may see a fall back to the psychological support of 12 000 if the support level of 12 120 can be broken. The resistance level of 12 600 can be observed when crossing a possible 12 470.
