Wednesday, October 19, 2022

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

 20/10/22. Overnight in America:  Bond yields up, stocks go down.


Dow Jones -0.33%.  SP500 -0.67%.  Nasdaq -0.85%.  Small Caps -1.51%.  Banks -3.6%.

SP500.

SP500 has dipped to test the 20-Day MA as support.  It has previously acted as resistance.

If that support holds, we should see a major counter trend rally.


Commodities.


Commodities Index flat -0.04%.  Energy +0.25%.  Base Metals +0.39%.  Agriculture -0.2%.  Gold -1.34%.

After 90 minutes of trading this morning, XJO is down -0.8% and searching for a bottom of the current fall.

Bitcoin.


Bitcoin remains bearish and currently in a sideways consolidation zone.  Wait.


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