ANALYSIS
NQ100 Finds Support from PPIApr 14
Preparation for Retracement in NQ100
As a result of the improvements in the investor risk atmosphere and the moderate withdrawal of the dollar, we have seen a positive movement in the technology index NQ100 in recent days. However, by the fourth trading day of the week, the expectations that the FED would maintain its aggressive tightening pace at the monetary policy meeting to be held next week started to outweigh. As a matter of fact, a triangle formation preparation is seen in the index. If it can be passed below 11 200 with permanent closures, a regression to 11 000 support can be seen with the end completion of the formation. In possible upward attempts, 11 500 resistance can be followed closely.
