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

 29/6/22.  Overnight.  Big sell-off in U.S. tech stocks.

Dow Jones -1.56%/.  SP500 -2.01%.  Nasdaq -2.98%.  Small Caps -1.52%.  Banks -0.48%.

SP500.

The three-day candle-stick pattern (up candle, doji, down candle) is a classic reversal pattern.

It has happened at a strong resistance level, the Kijun Sen (Base Line).  That also coincides with the 20-Day MA (see thumb-nail chart above).

A reversal pattern occurring at strong resistance is usually reliable.  Look for a test of the recent low.

Commodities.

Commodities Index +1.19%.  Energy +1.13%.  Base Metals flat 0.00%.  Agriculture +0.44%.  Gold -0.16%.

Iron Ore +0.5%.  Thermal Coal +0.3%.

After 15 minutes of trading, XJO down -0.9%.  Those good commodity prices might soften the effect on miners and energy stocks.