ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 tries to recover
We saw NQ100 declined due to the coronavirus mutant identified in the South Africa. However, it is expected that FOMC will start rate increases later than expected and the index halted at the 200-period EMA. The index started the week with rises from this level and if exceeds 16 305 resistance and puts an end to the minor trend, it will recover to 16 425. On the other side, we will follow 15 850 support in case of a decline below the 200 EMA indicating 15 975.
