Tuesday, May 17, 2022

Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

18/5/22.   Overnight.


Dow Jones +1.34%.  SP500 +2.02%.  Nasdaq +2.76%.  Small Caps +3.02%.  Banks +3.9%.

Euro Stoxx50 up +1.52%.

Despite the current rally, all of the above remain in a down-trend.  An up-trend can be declared when we see a higher high and a higher low.

SP500.


Two out of three Super-trend Lines have now switched to yellow (bullish).  Hull MA13 has switched to yellow (bullish).

Divergences on CCI are a leading indicator for a short-term trend change.  See Above.

Commodities.


Commodities Index -1.09%.  Energy -2.09%.  Base Metals +1.26%.  Agriculture +0.53%.  Gold -0.63%.

Iron Ore -0.7%.  Thermal Coal +2.8%.

Overnight Oz Futures +0.9%.

Overnight in the U.S., BHP up +3.25%, RIO +3.59%, Woodside +1.99%.

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