Chart Analysis on this Blog is purely descriptive.  It is written for informational and educational purposes and should not be taken as financial advice.  Do your own research or seek advice from a Registered Financial Advisor.

24/12/22.  Finspiration Wednesday Morning Report.

Overnight:  Dow Flat, Nasdaq down, Europe up, Commodities down.  Bitcoin down.  

 

Dow Jones -0.03%.  SP500-0.4%.  Nasdaq -0.76%.  Small Caps -0.17%.  Banks +0.61%.

U.S. market opened higher following Europe, but then collapsed.  A late afternoon rally eased the losses.

SP500.

The chart continues in the Kumo Cloud.  That's the "no trade" zone.  Plenty of overhead resistance remains.  A break above the base Line (red) would be a bullish signal.

Commodities.

Commodities Index -2.39%.  Energy -4.01%.  Base Metals-0.62%.  Agriculture -1.09%.  Gold +0.84%.

Gold is back to the top of its up-sloping channel.  Expect a return to the lower edge of the channel.

Iron Ore +5.56%.  That looks promising for oz big miners.

Bitcoin.

BTCUSD down more than -1% overnight.  Short-term, BTC is in a sideways consolidation pattern.

Long term, BTC remains bearish.

After an hour of trading, XJO is up more than +1%.