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

 30/8/22.  Overnight in America, stocks fall further after Jackson Hole plunge.

Dow Jones -0.57%.  SP500 -0.67%.  Nasdaq -1.02%.  Small Caps -0.95%.  Banks -0.95%.

SP500.

SP500 gapped down then stabilised with a doji candle finishing for today.

The index is down to its 50-Day MA and remains above the Kumo Cloud, so we should see a consolidation or a small rebound here.

Commodities.

Commodities Index +1.46%.  Energy +2.1%.  Base Metals fell from resistance -1.53%.  Agriculture +0.14%.  Gold steadied, +0.06%.

After 25 minutes of trading this morning, XJO is up +0.3%.  The rise is being led by Energy +1.95% and Financials, the biggest sector, is doing well, up +0.54%.