Wed. a.m. 17/11/21.  U.S. stocks move higher.

Overnight:

Dow Jones +0.15%.  SP500 0.39%.  Nasdaq +0.76%.  Small Caps +0.26%.  Banks -0.26%.

SP500:

SP500 has stopped at horizontal resistance.

Negative divergences suggest consolidation or, perhaps, a pull-back here.

A break above resistance would see a continuation of the bullish rally, but that seems the least likely of the three scenarios.

Commodities:

Commodities Index -0.14%.  Base Metals -1.05%.  Energy +0.5%.  Gold -0.72%.

Iron Ore up +1.4%.  Despite the rise in iron ore prices, RIO was down -1.74% in the U.S. and BHP was down -1.9%.

Overnight Oz Futures are up +0.3% suggesting a firmer start to our market today.  That probably won't be enough to break overhead resistance.