ANALYSIS
NQ100 Finds Support from PPIApr 14
The Pressure May Continue in NQ100
With the hawkish statements of many policymakers, especially FED Chairman Jerome Powell, the expectations that the bank may raise another 75 basis points in aggressive interest rates in September continue to be one of the main reasons for the weight in the NQ100 index. In addition, billionaire entrepreneur Elon Musk's sending a new letter to social media giant Twitter to terminate the $44 billion purchase agreement also has an impact on the technology index. If the index, which maintains the descending channel movement under this view, can be passed below the 12 280 level permanently, its dissolution may continue until the 12 145 support. In the upward trials to be experienced, 12 565 – 12 700 can work as a stabilization zone.
