Finspiration Australia. Objective technical analysis of the Australian and International Stock Markets.

15/4/22.  Overnight.

 Dow Jones -0.33%.  SP500 -1.21%.  Nasdaq -2.14%.  Small Caps -0.68%.  Banks -1.36%.

Positive divergence on the Banks CCI suggests we'll see a counter-trend rally in that index in the near future.

SP500.

SP500 remains in a short-term down-trend, consolidating at the lower end of that trend beginning in early March.  That's almost long enough to call it a medium-term down-trend.

SPX continues to oscillate around the 50-Day MA and remains in the Ichimoku Cloud.  That's the no trading zone.  Wait.

Commodities.

Energy +1.75% continues to push higher under the influence of the Ukraine-Russia War.  That's pushing up the Commodities Index +0.75%.  Base Metals flat 0.00%.  Gold -0.33%.

NY Advances-Declines Line.

NYAD gives no indication of turning bullish.  Wait.