27/1/2023. Finspiration Friday Morning Report.
U.S. indices finish strongly after shaky start.
SP500.
SP500 has finished above its down-trend line which has held it down for many months. Stay with the trend.
Commodities.
Commodities Index +0.44%. Energy +0.54%. Base Metals +0.36%. Agriculture +1.38%. Gold -0.91%.
StochRSI has fallen below its mid-line. That's usually a pull-back signal.
Overnight events suggest Australia will do well today. After one-hour of trading XJO is up +0.24%.
Bitcoin.
Bitcoin was down -2.2% last night. It continues to hover around the 200-Day MA.
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.
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