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

 8/7/22.  Overnight.

U.S. stocks rise, Tech stocks lead.

Dow Jones +1.12%.  SP500 +1.5%.  Nasdaq +2.29%.  Small Caps +1.76%.  Banks +1.91%.

SP500.

Last night's strong rise by SP500 has taken the index up to resistance of the Kijun Sen (Base Line).  That's a resistance level.

There may be more in this, but after the Base Line, SP500 has resistance of the 50-Day MA and the Kumo Cloud.

Medium and long term, the chart remains bearish.

Commodities.

Commodities Index +4.15%.  Energy +5.26%.  Base Metals +2.24%.  Agriculture +1.88%.  Gold +0.06%.

Aftrer 15 minutes of trading this morning, XJO is up +0.7%.  Not all sectors are up, but Energy and Materials are both up strongly.