ANALYSIS
NQ100 Finds Support from PPIApr 14
SVB Effect Continues on NQ100
The technology index, which is under the downward trend, turned to hard sales after bank failures that caused turmoil in the USA. However, although the failure to provide permanence below the Fibonacci 50.0 percent retracement level allows for recovery, the expectation that the downward movements will accelerate again below the 12 120 level continues. If this expected decline is sustained below the 11 780 level, the 11 520 support indicated by the Fibonacci 61.8 retracement level may become the target.
