11/10/22. Weak results in the U.S. with low volume due to Columbus Day holiday.
Dow Jones -0.32%. SP500 -0.75%. Nasdaq -1.04%. Small Caps -0.01%. Banks -0.79%.
SP500
SP500 is back to horizontal support but has broken below the Supertrend Line.
Plenty of resistance lies overhead. The Fast Stochastic I use (bottom panel) usually has to dip below 20 before a rebound occurs.
Providing some optimism is the positive divergence on CCI.
Commodities.
Commodities were mostly lower. Commodities Index -1.12%. Energy -2.11. Base Metals -0.16%. Agriculture +1.19%. Gold -1.52%.
Iron Ore +1.8%.
Overnight Oz Futures up +0.2%. Despite the weak lead from the U.S., ASX has opened on the high side, with XJO up +0.7%.
Bitcoin.
Bitcoin continues to languish with low conviction trading.
Bitcoin is in a short-term down-trend in relatively sideways trading.
Until BTC gets back above the Kumo Cloud, it is best to leave this to short-term traders.
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