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

  25/1/2023.  Finspiration Wednesday Morning Report.

Major U.S. indices finish flat after falling in early trade.

Dow Jones +0.03%.  SP500 -0.02%.  Nasdaq -0.18%.  Small Caps +0.28%.  Banks +1.59%.

SP500.

SP500 continues to respect the down sloping trend line where it has failed before.  Crucial time.

Commodities.

Commodities Index -0.28%.  Energy -1.05%.  Base Metals +0.32%.  Agriculture +0.26%.  Gold +0.46%.

In New York, BHP +1.43%, Rio +1.13%.

Bitcoin.

Bitcoin was up +3.01% last night.

Bitcoin continues to hover around the 200-Day MA.  It remains above the 8-Day EMA and the Supertrend.  While it stays above those, holders can breath easily.

Negative divergences on indicators are starting to play out.  Plenty of support exists nearby.    A modest pull-back could provide a chance for bitcoin punters to get set for another surge to the upside.