Finspiration Australia. Objective analysis of the Australian and overseas stock markets.

 Fri. 21/1/22.  America started positively, then imploded.

Overnight.

Dow Jones -0.89%.  SP500 -1.1%.  Nasdaq -1.3%.  Small caps-2.12%.  Banks -1.65%.

At noon, indices were well on the way to erasing all the losses of the previous day.  Then the slide began which accelerated in the last hour of trading sending the indices into bearish territory.

SP500.

SP500 is now in bearish territory below the Ichimoku Cloud.   Next stop - the 200-Day MA?

RSI is now oversold at 31.6.  Below 30 usually results in a rebound.

Wait.

Commodities.

Commodities Index -0.35%.  Energy -0.69%.  Base Metals continued to rise relentlessly +1.69%.  Gold -0.25%.

Iron Ore up again +2.6%.

After 25 minutes of trading today, XJO is down -1%.