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

 11/11/22.  Finspiration Morning Report.

 - Whooshka!.  

Overnight in America  - Whooshka!.  

Dow Jones +3.7%.  SP500 +5.54%.  Nasdaq +7.35%.  Small Caps +5.9%.  Banks +5.75%.

Dow Jones.

DJ is now well clear of the 200-Day MA.  That's one criteria often taken of a bull market.

The Index may be forming a rising wedge - which is bearish.  We'll have to monitor that to see how it develops.

Commodities.

Commodities Index +0.9% - finding support at the 20-Day MA.  Energy +0.85%.  Base Metals +1.76%.  Agriculture +0.3%.  Gold +3.04%.

Overnight ASX Futures suggest that our market will open about +2% higher.

Bitcoin.

Along with other risk assets, Bitcoin had a great night, up >13%.  This is a great avenue for day traders. Big money to be made.

For the longer term, the future of Bitcoin remains dubious.  Plenty of overhead resistance to be overcome before it looks bullish again.