Wednesday, March 23, 2022

Finspiration Australia. U.S. markets fall overnight.

 Overnight.


Dow Jones -1.29%.  SP500 -1.23%.  Nasdaq -1.32%.  Small Caps -1.83%.  Banks -2.79%.

SP500.


SP500 has failed at the Ichimoku Cloud and fallen back below its key 200-Day MA.  

The short-term trend remains up but may be reverting to the downside.  We may see a moderate pull-back and then another attempt to rise above the 200-Day MA and the Cloud.

Commodities.


Commodities Index +2.48%.  Energy +3.64%.  Base Metals +4.04%.  Gold +1.37%.

Iron Ore +0.3%.

Those good commodity prices should mitigate any falls on our market today.

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