Overnight.
Dow Jones +1.82%. SP500 +2.14%. Nasdaq +2.92%. Small Caps +1.05%. Banks +0.77%.
SP500.
Despite the big rise last night, the technical picture for SP500 remains much the same. It continues within its short-term sideways consolidation. Plenty of overhead resistance remains.
This remains a "sell the rallies" scenario.
Commodities.
Commodities Index -2.46%. Energy -4.3%. Base Metals flat -0.08%. Gold -1.87%.
Iron Ore -6.5%.
U.S. Federal Reserve announces its interest rate decision tonight (Oz Time).
After 15 minutes of trading, XJO up +0.56%. Resource stocks are down, keeping a cap on the XJO.
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