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

 2/11/22.  Morning Report.

Overnight, Stocks in America fall modestly ahead of Fed decision.

Dow Jones -0.24%.  SP500 -0.41%.  Nasdaq -0.89%.  Small Caps +0.45%.  Banks +0.7%

SP500.

SP500 has run into dual resistance - horizontal resistance and resistance from the lower edge of the Kumo Cloud.  Tonight's action after the Fed. decision should determine direction.

Short term, the trend remains up.  Plenty of support remains below - so this could be a buy-the-dip scenario.

Commodities.

Commodties Index +1.51%.  Energy +1.25%.  Base Metals +2.56%.  Agriculture +1.11%.  Gold +1.02%.

After thirty minutes of trading this morning, XJO is up about +0.3%.