ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Trying to Collect Losses
The day we left behind, it was learned that in the meeting minutes of the Federal Open Market Committee (FOMC) dated May 3-4, the authorities decided a 50 basis point increase in the target range would be appropriate in a few meetings. However, with the view that the minutes in the global markets are more dovish than the expectations, there is some relief in the relative risk assets. Technically speaking, the recovery of the NQ100 index, which realized the intermediate trend change, above 11 770, may continue to 12 200 after 12 040. In case of possible sagging below 11 770, 11 615 support will be followed.
