Thursday, December 9, 2021

Fri. a.m. 10/12/21.  Major U.S. Indices fall, VIX back above 20.

Overnight.


Dow Jones -0.00%.  SP500 -0.72%.  Nasdaq -1.71%.  Small Caps -1.65%.  Banks -0.15%.

SP500.


Major resistance proved too much for the SP500.

Despite the fall, the short-term trend remains up.  The index finished at the short-term line (about 3-Day MA).  Nearby support lies at minor horizontal support of 4650 and the 8-Day EMA.  If those hold and we get a bounce, then another test of major resistance is likely.

Commodities.


Commodities Index -1.52%.  Energy -1.91%.  Base Metals -0.71%.  Gold -0.61%

BHP was down in both the UK and US but holding above the 200-Day MA.  Rio was up in both the UK and US.

Iron Ore -0.3%.

Overnight Oz Futures -0.1%.


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