Wed. a.m. 22/12/21. U.S. rebounds strongly.
Dow Jones +1.6%. SP500 +1.78%. Nasdaq +2.4%. Small Caps +2.94%. Banks +2.65%.
SP500.
The two-day candle-stick pattern is a kicker pattern, a very strong pattern, which, coming at the end of a down-trend almost invariably signals the end of the down-trend. The short-term trend is now up - stay with the trend.
Commodities.
Commodities Index +2.11%. Energy +2.86%. Base Metals +2.5%. Gold -0.04%.
Iron Ore +0.5%.
Overnight Oz Futures +0.15%.
We should have a positive day today, but we were up strongly yesterday - pre-empting the rise in America. So, our XJO may not have a very strong day today despite the American strength.
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