Fri. a.m. 14/1/22. Nasdaq suffers big fall.
Overnight.
Dow Jones -0.49%. SP500 -1.42%. Nasdaq -2.51%. Small Caps +0.01%. Banks +0.19%.
SP500.
SP500 has retreated from resistance. The three-day candle-stick pattern (up, doji, down) is bearish in the short-term, but the Index remains above the "cloud" so any pull-back is likely to be short-term.
Commodities.
Commodities Index -1.06%. Energy -1.14%. Base Metals -0.22%. Gold -0.34%.
Iron Ore -2.8%.
Yesterday, all the stars were aligned positively for the XJO. Today the alignment is negative.
Expect a negative day on our market today - and a retreat from overhead resistance mentioned in last night's report.
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