ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales pressure continues on NQ100
Fed Chair Powell’s statement that high and permanent inflation risk has increased and it will be wise to reduce asset purchases faster, put pressure on NQ100. Technically, the index preserves its sales potential in the descending trend and if it breaks 15 870 support, we will possibly see it heading through 15 740. On the other side, we will follow 16 130 and 16 270 resistance levels.
