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

 7/12/22.  Finspiration Morning Report.

U.S. stocks fall for fourth day.  Energy down heavily.

Dow Jones -1.02%.  SP500 -1.44%.  Nasdaq -2%.  Small Caps -0.94%.  Banks -1.63%.

Ten our of eleven U.S. sectors fell.

SP500.

SP500 is down almost to critical triple support.  Expect a slowing of the downside movement or intra-day buying tomorrow.

The Index remains in the lower half of the up-sloping Andrew's Pitchfork.

Commodities.

Commodities Index -1.6%. Energy -3.15%.  Base Metals +0.54%.  Agriculture -0.71%.  Gold +0.27%.

Iron Ore Futures +0.3%.

Bitcoin.

In USD Bitcoin was up +0.5%.

Bitcoin continues to consolidate at the low end of its long down-trend.  Positive divergences on RSI and Stochastic RSI suggest a move to the upside might occur.