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

 19/1/2023.  Finspiration Thursday Morning Report.

U.S. stocks down after opening on the high side.

Dow Jones -1.81%.  SP500 -1.56%.  Nasdaq +1.24%.  Small Caps -1.57%.  Banks -2.56%.

SP500.

Last night was an emphatic rejection of the recent highs.

The index may find support now at the Base Line of the Ichimoku System and the lows that formed in early December.

Commodities.

Commodities were mainly lower.

Commodities Index -1.08%.  Energy -1.73%.  Base Metals +0.51%.  Agriculture -0.66%.  Gold -0.29%.

Although Base Metals finished on the plus side, the big black candle indicates strong intra-day selling.

After an hour of trading, XJO is flat, down just 3 points.

Bitcoin.

Bitcoin followed U.S. stocks lower.

Bitcoin was down -2.5% overnight.  There may be a bit more downside before finding support.  Wait.