Finspiration Australia. Major U.S. Indices fall to 20-Day MA.

 Overnight.

Dow Jones -0.42%.  SP500 -0.97%.  Nasdaq -2.22%.  Small Caps -1.16%.  Banks -1.36%.

Today's action in the major indices saw gap down openings, leaving big island reversal patterns.

SP500.

SP500 chart is now showing two short-term sell signals.  It is below the Tenkan Sen (Conversion Line) and the Supertrend (1.5/7) has switched from bullish to bearish.

The index finished marginally below the 200-Day MA and, as noted above, is down to support of the 20-Day MA (not shown on this chart).  The Index is sitting on the top line of the "Cloud" so this could provide support.

Commodities.

Commodities Index -0.79%.  Energy -1.36%.  Base Metals -0.31%.  Gold +0.23%.

Iron Ore -1.4%.

None of the above looks positive for the Australian market today.  XJO after 40 minutes of trading is down -0.6%.  Every sector except Consumer Staples is currently negative.