Sat. 6/11/21.  Another day - more records in the U.S.

Yesterday in Australia.

XJO up +0.39%, but faded a little in the afternoon session.

Short-term and medium-term trends are both up.  Stay with the trend.  

Be watchful.  The chart is now at resistance where it turned down in late October.

Overnight:

Dow Jones +0.56%.  SP500 +0.37%.  Nasdaq +0.2%.  Small Caps +2.15%.  Banks +0.07%.

Dow Jones had a gap up at the beginning of trading, but the candle is a "shooting star" candle.  That combination coming at the top of a trend is often a sign of exhaustion.  It was also accompanied by heavy volume - another sign of exhaustion as weak ands buy what the strong hands have to offer.

SP500:

The trend remains up - stay with the trend.

This has been a remarkably long up-trend.  It is now seriously overbought with the RSI at 76.6.  It can go higher - but all trends must end - and this one is getting very long in the tooth.

Commodities:

Commodities Index +1.39%.  Energy +2.03%.  Base Metals +0.29%.  Gold +1.31%.

All of that looks promising for Australia on Monday.  If Oz is negative or sells off intra-day, it could mean we're pre-empting a move down in the U.S. on Monday.