Finspiration Australia. Objective technical analysis of Australian and International stock markets.

 19/4/22.  Overnight.  Little movement in U.S. equities.

Dow Jones -0.11%.  SP500 -0.02%.  Nasdaq -0.14%.  Small Caps -0.37%.  Banks +0.91%.

SP500.

Last night's candle was a narrow range, doji candle representing indecision.

SP500 remains in the Ichimoku Cloud - the no-trade zone.  Wait for a definitive movement in the index.

Commodities.

Commodities Index +1.14%.  Energy +1.05%.  Base Metals +1.31%.  Gold +0.31%.

Energy is now back to its old high from early March.  Last night's action looks like an exhaustion move: a gap up at the top of the trend, followed by some intra-day selling.  The next couple of days should confirm.

Iron Ore was flat.  0.0%.

After one hour of trading, the XJO is having a very positive day, up 42 points or +0.6%.  Resources (Energy and Miners are leading the way.