ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales Keep Weight in NQ100
After the CPI and PPI figures that exceeded the market forecasts in the USA last week, the concerns that inflation might be permanent are putting pressure on technology stocks. From a technical point of view, it is clearly seen that the index has made a trend change. As long as the 12 440 level indicated by the 50-period simple moving average (MA) above is preserved as a resistance, the sales that will be active may make it possible for the index to decrease to the level of 11 965 points after 12 120. In a possible transition above 50 MA, 12 600 points level can be followed.
