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

   24/1/2023.  Finspiration Tuesday Morning Report.

U.S. sees follow through buying after Friday's good result.

Dow Jones +0.76%.  SP500 +1.19%.  Nasdaq +2.01%.  Small Caps +1.1%.  Banks +2.1%.

SP500.

SP500 is now back to the down sloping trend line where it has failed before.  Crucial time.

Commodities.

Commodities showed modest strength last night.

Commodities Index +0.24%.  Energy +1.01%.  Base Metals +0.27%.  Agriculture +0.15%.  Gold +0.19%.

Gold is consolidating at its highs, so there is a good chance of further upside.

Bitcoin.

Bitcoin was up +3% last night.   It finished above the 200-Day MA.  That's a big plus.

Negative divergences are starting to show up on indicators so a consolidation or pull-back might be on the cards.  A modest pull-back could provide a chance for bitcoin punters to get set for another surge to the upside.