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

9/12/22.  Finspiration Morning Report.

U.S. Stocks move higher.

 Dow Jones +0.55%.  SP500 +0.75%.  Nasdaq +1.13%.  Small Caps +0.46%.  Banks +0.18%.

SP500.

SP500 remains above triple support (horizontal support, top of Kumo Cloud, Ichimoku Base Line) and in the lower half of the up-sloping Andrew's Pitchfork.  It now has triple overhead resistance - Supertrend Line, Inchimoku Conversion Line and 200-DMA.  Between a rock and a hard place.

I would have liked to see a more convincing movement to the upside last night.  This looks more like consolidation than a rebound.

Commodities.

Commodities Index -0.17%.  Energy -0.58%.  Base Metals +0.05%.  Agriculture +0.05%.  Gold +0.08%.

After one hour of trading this morning, the XJO is up modestly +0.4%.