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

 11/5/22.  Overnight.

Mixed results in New York.

Dow Jones -0.26%.  SP500 +0.25%.  Nasdaq +0.98%.  Small Caps -0.63%.  Banks -1.48%.

SP500.

SP500 was up modestly in choppy trade.  It is oversold on the RSI and a positive divergence is showing on the CCI.  We might get a short-term rally.  This is still a case of "sell-the-rally".

Commodities.

Commodities Index -0.59%.  Energy -1.34%.  Base Metals -0.64%.  Agriculture +0.7%.  Gold -0.84%.

Commodities Index is down to the 50-Day MA, so we might see a rebound here.

Iron Ore -1.3%.

XJO has opened flat this morning.  We'll probably have choppy trading today - following the U.S.