ANALYSIS
NQ100 Finds Support from PPIApr 14
The Recovery May Not Be Permanent in DAX40
There is a reaction brought by the relatively low investor stress to the DAX40 in the European session. However, yesterday, the selling wave, occured in the global bond market after the US Federal Reserve (FED) increased the federal fund target by 75 basis points, is making it difficult for the index to enter a meaningful recovery path. At this point, we take the 100-period simple moving average (MA) as a basis for index pricing. As long as the 12 885 level indicated by the 100 MA is not exceeded permanently, the possibility of the index falling to the lowest level of 2.5 months with 12 400 behind 12 550 will continue to be preserved.
