By Chris Becker
Last night saw a lot of mixed sentiment across both sides of the Atlantic with the tech heavy NASDAQ the only leader, as Tesla shares fell sharply on disastrous earnings. Volatility in currency markets is gaining again, particularly in Yen while both Euro and Pound Sterling slipped against USD, the Australian dollar remains in the doldrums.
Looking first at the Asian session yesterday where the Shanghai Composite was doing fine until near the close when it slumped over 2% lower as confidence disappears, closing at 3123 points. In Hong Kong, the Hang Seng Index fell nearly 1%, remaining well below the 30,000 point level, to close at 29549 points. The daily chart is showing a very weak position with a significant close below the daily low moving average line which had been playing short term support, so the next level to watch is ATR support at 29000 points proper:
