Thursday, April 21, 2022

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

  22/4/22.  Overnight. U.S. equities fall after a good start.




Bearish engulfing candles on all indices.  Dow Jones -1.05%.  SP500 -1.48%.  Nasdaq -2.07%.  Small Caps -1.58%.  Banks -1.81%.

SP500.




At the opening last night in the U.S., SP500 was looking at a confident break-out to the upside, but then the big guys said "No!" and the Index fell for the rest of the session.  Despite the big fall, SP500 remains in its consolidation.  Some indicators are still bullish, some are bearish.  Wait.

Commodities.




Little movement in Energy again last night +0.04% overnight.  Commodities Index -0.14%%.  Base Metals +0.79%.  Gold was down but remains at 20-DMA support, -0.36%.

Iron Ore flat, -0.1%.

Overnight Oz Futures -0.9%.  This suggests a big fall at the beginning of trade in Oz today.


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