Finspiration Australia. Technical Analysis of the Australian and International Stock Markets.

19/4/22.  Overnight.  Strong rebound in the U.S. led by tech stocks.

Dow Jones +1.95%.  SP500 +2.47%,  Nasdaq +3.06%.  Small Caps +2.04%.  Banks +1.25%.

SP500.

Last night's action recovered all of Tuesday's big loss.  The three-day candle-stick pattern is bullish.

The index still has strong overhead resistance just overhead, so we might see some consolidation in the next couple of days.

Commodities.

Commodities Index +0.84%.  Energy +1.27%.  Base Metals -1.51%.  Gold +0.54%.

Iron Ore.  +0.1%.

After an hour of trading this morning, XJO is up +0.78%,  but the big miners like BHP and RIO are struggling.  BHP -0.29%.  RIO -0.36%.  Financials (XXJ) are pacing the market, up +0.75%.