Finspiration Australia

 Tue. a.m. 11/1/22.  Dow Jones down.  Nasdaq flat.

Overnight.

Dow Jones -0.45%.  SP500 -0.14%.  Nasdaq +0.05%.  Small Caps -0.39%.  Banks -0.22%.

Major indices started well in negative territory after poor results in Europe.  Intra-day buying erased most of those falls.  That suggests that this pull-back could be over.

SP500.

 

The long tail on today's candle is clear in this chart.  It dipped into the "cloud" then rebounded and found support at the Kijun-Sen.  That action is potentially bullish.  We need confirmation in the next trading session.

Commodities.

Commodities Index -0.42%.  Energy -0.5%.  Base Metals -0.89%.  Gold +0.3%.

Negative divergences on CCI for DBC, DBE and DBB show that momentum has slowed and the next move may be to the downside.

Iron Ore down -1.5%.

After 30 minutes of trading, XJO has had a weak start, now down -0.3%.