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

15/12/22.  Finspiration Thursday Morning Report.

The Federal Reserve delivered what the market expected:  +0.5% interest rate rise and a hawkish view going forward.  The stock market sold off - "Sell the News".

Overnight in America.

 Dow Jones -0.42%.  SP500 -0.61%.  Nasdaq -0.76%.  Small Caps -0.81%.  Banks -1.69%.

SP500.

SP500 remains in a sideways consolidation.  It finished last night at 3995.32.  The boundaries of the consolidation are 4100-3919.  Watch for a break out of the consolidation for future direction.

Commodities.

Commodities Index +0.77%.  Energy +1.47%.  Base Metals -0.59%.  Agriculture -0.1%.  Gold -0.24%.

After 40 minutes of trading today, XJO is down -0.35%.

Bitcoin.

Bitcoin was up just +0.23% but suffered intra-day selling.  The pipe stack on last night's candle shows the extent of the selling.  Such a candle coming at the 50-Day MA suggests we will see more selling.