Finspiration Australia. Chart Analysis of Australian and International stock markets.

 28/5/22 Yesterday in Australia.

XJO remains in a bearish PRT band and sitting at horizontal resistance at 7813.  Given events overnight, XJO is highly likely to breach resistance and could be above the Medium Term Line of the PRT Bands.

Overnight.

Dow Jones +1.76%.  SP500 +2.47%.  Nasdaq +3.33%.  Small Caps +2.31%.  Banks +1.27%.

SP500.

SP500 has completed a double bottom and is above its Mid Line.

It remains in a bearish PRT Band, with a major resistance level just over-head at 4170.  That might result in some consolidation, but further ahead is looking likely, with the next target at 4306.  

Commodities.

Apart from Gold (flat +0.05%),  Commodities had good rises overnight in sync with equities.

Commodities Index +1.19%.  Energy +1.5%.  Base Metals +1.62%.  Agriculture +0.63%.

NY Advances-Declines Line.

NY A-D Line is in a clear short-term up-trend above both the 10DMA and 20DMA.   10DMA x-over above the 20DMA is imminent.  That's a bullish indicator.