By Chris Becker
Friday night saw a positive return to sentiment across both sides of the Atlantic with only the FTSE retreating as the S&P500 almost hit a record high on the back of a strong GDP print, despite some worrying signs within the data. Oil prices took a dive while gold recovered somewhat alongside other undollar assets versus the USD, although it looks fleeting at best.
Looking first at the Asian session on Friday with the Shanghai Composite closing the week out below the 3100 point level after looking so promising, falling over 1% to 3086 points. In Hong Kong the Hang Seng Index put in a scratch session in follow up to its breakdown on Thursday, lifting only a handful of points to 29605, still well below its own 30,000 barrier and looking weak . The next level to watch is daily ATR support at the 29000 point level proper::
