ANALYSIS
NQ100 Finds Support from PPIApr 14
Powell’s speech supports NASDAQ
Risk appetite, which has been low for a long time due to the Russia – Ukraine Conflict, has increased slightly following the Fed Chair Powell’s statement on monetary policy of the Federal Reserve, leading to purchases in NASDAQ-100. Consequently, recovery may continue above 14 100 level. We will follow 14 400 and 14 540 resistance levels closely. However, the index may break 14 100 in possible rise in the stress levels of market participants. In this case, 14 000 and 13 880 supports will be our targets below.
