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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