ANALYSIS
NQ100 Finds Support from PPIApr 14
Positive Air in NQ100 Continues
The repercussions of the optimistic pricing in the USA continue in the global markets. Yesterday, the fact that Cleveland FED Chairman Loretta Mester said that the bank could switch to smaller rate hikes as of December, created hopes that the FED will be less aggressive in tightening its monetary policy, causing the optimism in the stock market to continue. Technically, if the technology index, which is seen to be defending the ascending channel, crosses above 11 850 with permanent closes, it is likely that the 11 965 resistance, which will be the highest of 2 months, is on the agenda. In possible downward movements, 11 620 and 11 500 supports will be followed.
