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

   7/1/23.  Finspiration Saturday Morning Report.

ASX up.  U.S. up.  Europe up.  Energy flat.  Gold up.  Bitcoin up.

XJO Daily Chart.

XJO has broken marginally above the down-trending channel and the Kumo Cloud.  It still faces resistance from the Supertrend Line and the Base Line of the Ichimoku system.  Given events overnight, a break above resistance seems likely.

U.S, Overnight.

Dow Jones +2.12%.  SP500 +2.28%.  Nasdaq +2.56%.  Small Caps +2.53%.  Banks+2.54%.

Euro STOXX600 +1.16

SP500.

SP500 has broken up from its sideways consolidation.  It still has overhead resistance from the Supertrend Line, Base Line of the Ichimoku system, the top of the Kumo Cloud.  That may cause a pause in proceedings, but the strength of the break-out suggests further upside.

Commodities.

Commodities Index +0.55%.  Energy -0.1%.  Base Metals +2.18%.  Agriculture -0.41%.  Gold +1.87%.

Gold 

Gold.

Gold has broken out above its trend channel.  Expect more upside.

Bitcoin.

Bitcoin +0.49%.  Bitcoin is in a long sideways consolidation.  Wait.