After spending most of the day in a slow, underperforming tone, buying interest jumped after 4pm, catching up, encourage by strong UK 2Q GDP data. Tech buy above 1348. Fbm also late push and likely to see fresh year highs next week.
Regional mostly higher but off high on profit sell ahead of weekend. Europe +0.1% and DJ futs +40 in Asian hours.
Initially, a slow and mixed week but a perfect finish for the bulls, setting up the next upper range of 1340-80 for the remaining days in July. Another day above 1350 will confirm it. Fbm will give a strong signal if it breaches 1350 resistance.
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