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

 18/11/22.  Friday, Finspiration Morning Report.

Dow Jones flat, other major indices down modestly.  Commodities down.

Dow Jones -0.02%.  SP500 -0.31%.  Nasdaq -0.35%.  Small Caps -0.34%.  Banks -1.24%.

SP500.

SP500 had a big gap down at the open, but intra-day buying erased most of the losses.

It's possible that is the end of the small pull-back as SP500 is sitting on a horizontal support level.

Stochastic is still quite high so further downside is the most likely move.

Commodities.

Commodities Index -1.67%.  Energy -2.3%.  Base Metals -1.02%.  Agriculture -0.9%.  Gold -0.73%.

Iron Ore Futures +0.8%.

After 10 minutes of trading this morning, XJO is up modestly +0.2%.

Bitcoin.

Bitcoin continues to consolidate at its lows.  We need to see some decisive upside action.  Wait.