ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery in NQ100 Continues
The effects of last Friday's nonfarm payrolls (NFP) data on US stocks continue. As it will be remembered, NFP announced 261 thousand people in October, above the market expectations of 200 thousand people. On the other hand, the effects of the evaluation that the FED could make a softer interest rate increase in the last meeting of the year, with the unemployment rates rising by 3.7 percent from the lowest level in 50 years, continue. Here, the results of the US Congress midterm elections and the US CPI data to be announced tomorrow will be followed closely in terms of the pricing of the technology index. Technically speaking, if the NQ100 index, which continues its retracement action after completing the descending wedge formation, rises above the 11 150 level, the recovery can reach up to 11 275 resistance. In the possible retreats, 10 900 and then 10 780 supports will be in our follow-up.
