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

21/12/22.  Finspiration Wednesday Morning Report.

Sleigh Bells heard over Sydney Stock Exchange this morning.

Overnight:  U.S. up, Europe mixed, Commodities mixed.  Bitcoin up.

 

Dow Jones +0.28%.  SP500 +0.1%.  Nasdaq +0.01%.  Small Caps +0.32%.  Banks +0.09%.

SP500.

A narrow range day finding support at the top of the Kumo Cloud.  Look for confirmation in the next session - a solid up day.  That should be the start of a Santa Rally.

Commodities.

Commodities Index +0.46%.  Energy -0.325%.  Base Metals +1.29%.  Agriculture +0.76%.  Gold up strongly, +4.41%.

In early morning trade in Australia is up >1%.

Bitcoin.

BTCUSD up +2.65% overnight.

BTCUSD remains below resistance of the Conversion Line of the Ichimoku system.  It has struggled to find direction this morning after last night's solid performance.  Wait.