ANALYSIS
NQ100 Finds Support from PPIApr 14
Selling Pressure Continues on NQ100
The 50 basis point signals from the US Federal Reserve (Fed) officials, as well as the fact that the ISM manufacturing PMI figure announced yesterday is below expectations, causes downward pressure on the index. While we are following the 11 780 support, which corresponds to the Fibonacci 50.0 percent correction level, in the index located in the bearish channel, a permanence that can be provided below this point may bring the 11 520 support to the agenda. On the other hand, a climb to 12 040 region can be observed again in the persistence above the 11 780 support.
