ANALYSIS
NQ100 Finds Support from PPIApr 14
Psychological 11 000 Will be Followed Closely in NQ100
We see that the technology index is somewhat supported by the moderate decline in the US 10-year bond yields and the reactions received. However, the weight on the NQ100 index continues with the effects of the FOMC's 75 basis points interest rate hike and the effects of FED Chairman Powell, who maintains his hawkish stance. In addition, nonfarm payroll data to be published today may also be important for pricing the technology index. Technically, the index's psychological level of 11 000 will be followed closely. In its permanence below this point, the index may regress to 10 600 and then to 10 475 support.
