Tue. a.m. 16/11/21.  New York Market flat.

I've been out of the office for a few days, so this is the first post since Friday morning.

Overnight:

Dow Jones -0.04%.  SP500  -0.00%.  Nasdaq -0.04%.  Small Caps +0.02%.  Banks +0.34%

SP500:

The medium-term and long-term trends remain up.  The short-term trend is indecisive.

The SP500 appears to be carving out a bear flag.  The Supertrend 1.5/7 has turned negative.  The next move is likely to be to the downside.

Commodities:

Commodities Index +0.05%.  Energy +0.34%.  Base Metals -1.45%.  Gold -0.15%.

Iron Ore -0.7%.

Overnight Oz Futures are down -0.5%.

It looks like we'll have a down day today.

Yesterday in Australia:

XJO was up +0.36% yesterday, which took the index up to horizontal resistance at 7472.  Given overnight conditions that is likely to hold.

At this stage, XJO remains within its trading range 7312-7472.  Watch for a break-out one way or the other.