ANALYSIS
NQ100 Finds Support from PPIApr 14
The Impact of Risk Appetite in NQ100 Continues
Yesterday, high-frequency data were announced in the USA. The composite PMI fell to 47.3 points in October, according to data from IHS Markit and S&P Global. The data showing that economic activity declined, pulled the index down a bit. However, in addition to the bottom buying in Chinese stocks, which experienced a historical selling wave, the relatively high outlook of risk appetite in global markets continues to support the NQ100 index. Technically, if the technology index, which carries the intermediate channel movement to the second trading day of the week, can rise above the 11 600 level permanently, it may bring the 11 740 level, which will be a one-month high, to the agenda. In downward movements, 11 300 – 11 185 supports can be followed.
