Finspiration Australia. Mixed results overnight in the U.S. Industrials up, Tech down. 9/4/22.

 XJO yesterday.

XJO is in a short-term pull-back with both Hull MA13 and Supertrend (1.5/7) turning to blue (bearish.

On Thursday, XJO fell below the first line of horizontal support and the 8-Day EMA, but Friday saw it climb back above both of those levels.  This remains indecisive, another day to the upside is needed to confirm the end of the pull-back.

Overnight.

Dow Jones +0.4%.  SP500 -0.27%.  Nasdaq -1.34%.  Small Caps -0.6%.  Banks +0.81%.

SP500.

SP500 is in a short-term pull-back with three chart indicators into bearish space: Hull MA13, Supertrend (1.5/7) and 8-Day EMA.

The index sits precariously on the 200-Day MA which is often taken as the dividing line between a bearish and bullish market.

This could go either way.  Wait.

Commodities.

Commodities Index +1.25%.  Energy +1.16%.  Base Metals +0.62%.  Gold +0.63%.

Those commodity prices are positive for our energy and mining stocks on Monday.

NY ADVANCES-DECLINES LINE.

NY A-D Line is back below both its 10-Day and 20-Day MAs.  That's in line with the current pull-back in the SP500.  Wait for a move to the upside.