Wed. a.m. 10/11/21.  American winning run finally ends.

Overnight:

Dow Jones -0.31%.  SP500 -0.35%.  Nasdaq -0.6%.  Small Caps -0.25%.  Banks -0.56%.

"Overbought can remain overbought for longer than you can imagine" is well illustrated by the current bull rally.  Using the Slow Stochastic as a guide, the three major indices have remained "overbought" for about three weeks.  Such runs occur much more frequently than most people think.

SP500:

Two doji cadlesticks followed by a bearish candle stick suggests more downside.  The short-term line on the PRT Bands has now turned down for the first time since 13 October.

The chart remains in the medium term bullish zone.  Look to buy the dip.

Commodities:

Commodities Index +0.8%.  Energy +1.21%.  Base Metals -0.48%.  Gold +0.49%.

Iron Ore -1.5%.

Overnight Oz Futures +0.3%.  That looks like a furphy as the XJO, after 15 minutes of trading is flat, down 0.8 points.