25/10/22. Morning Report.
Yesterday In Australia.
XJO was up strongly yesterday +1.54%. It remains in a sideways consolidation with two yellow Supertrend Lines and one Blue. Yesterday it hit the 50-Day MA. Today it has a chance to break out of the sideways consolidation and rise above the 50-DMA.
Last Night in America.
The American market saw follow-through buying after Friday's big surge. That's always a good sign.
Dow Jones +1.34%. SP500 +1.19%. Nasdaq +0.86%. Small Caps +0.84%. Banks +1.76%.
SP500.
SP500 gave a triple Supertrend " buy" signal on Friday. That has followed with a bullish Heiken Ashi candle on Monday. This looks set to test the 50-Day MA.
Commodities.
Commodities Index +0.28%. Energy +0.91%. Base Metals -0.82%. Agriculture -0.35%. Gold -0.32%.
After 15 minutes of trading this morning, XJO is up +0.6%. That could be the high for the day.
Bitcoin.
Bitcoin remains below three bearish Supertrend lines (blue). I'd wait till I see more positive action.
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