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

 4/10/22.  In America, stocks up very strongly overnight.  RBA decision later today.

Dow Jones +2.66%.  SP500 +2.59%.  Nasdaq +2.27%.  Small Caps +2.64%.  Banks +3.01%.

All eleven NYSE sectors were up.  The rally was driven by bullish energy stocks.

SP500.

This looks like the beginning of a tradable counter-trend rally.  Positive divergences on indicators support that view.

Plenty of over-head resistance remains which will probably slow the advance or cause a reversal.

 Interesting tit-bit from Sentiment Trader:  "Dumb Money Confidence is very pessimistic and Smart Money Confidence is extremely optimistic. This suggests an excess return of 4.4 over the next 2 months" 

Commodities.

Commodities Index +2.26%.  Energy +3.18%.  Base Metals +1.06%.  Agriculture +0.2%.  Gold +2.43%

After 80 minutes of trading today, XJO is up very strongly, +2.3%.

Bitcoin.

Bitcoin is up +0.26%.  Trading continues to lack conviction.

The saucepan bottom is still in play, so a run to the upside is probable.