Finspiration Australia. Technical analysis of the Australian and International stock markets.

  23/4/22.  Yesterday in Australia.

XJO fell heavily yesterday -1.57%.  The magnitude of the fall suggests institutions are pulling money out of the market, so more falls can be expected.

   Overnight in the U.S.,  equities continued to fall

 Dow Jones -2.82%.  SP500 --2.77%.  Nasdaq -2.55%.  Small Caps -2.47%.  Banks -2.48%

SP500.

SP500 is now below the Ichimoku Cloud.  Look to sell rallies.

Commodities.

Commodities Index -1.91%.  Energy -1.96%.  Base Metals -1.62%.  Gold -0.97%.

NY Advances-Declines Cumulative.

NY A-D Line remains bearish.  Medium and long-term investors should stay defensive.

VIX.

U.S. VIX appears headed back to the top of its range, which means more falls in Equities.