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

 13/9/22.  Overnight in America, stocks continue to run higher for fourth day.

Dow Jones +0.71%.  SP500 +1.05%.  Nasdaq +1.27%.  Small Caps +1.28%.  Banks +0.83%.

European stocks also rose strongly, with European STOXX 600 up +1.8%.

SP500.

Short-term, SP500 continues to be bullish, but now facing some resistance from a congestion zone to its left and the Base Line of the Ichimoku system.  Expect some consolidation here.

Commodities.

Commodities Index +1.38%.  Energy +1.47%.  Base Metals +1.05%.  Agriculture +0.69%.  Gold +0.51%.

Iron Ore -0.6%.  Thermal Coal +0.5%.

Overnight Oz Futures +0.7%.  

Expect another solid day for the ASX today on the back of higher overseas stocks and commodities.

BITCOIN.

Since early June, 2022, Bitcoin has been in a long sideways consolidation within a longer down trend.

It remains below the Kumo Cloud and well below its 200-Day MA.  Until resistance of those two indicators, it is best to consider any rally to be a counter-trend rally in an ongoing bear market.