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

  20/1/2023.  Finspiration Thursday Morning Report.

U.S. Dow Jones down for third day

Dow Jones -0.76%.  SP500 -0.76%.  Nasdaq -0.96%.  Small Caps -0.86%.  Banks -0.75%.

SP500.

The SP500 has failed again at the 200-Day MA.  Until it gets over that resistance level, I'd be looking for the short-side to dominate.

Commodities.

Commodities were mainly higher.

Commodities Index +1.01%.  Energy +1.8%.  Base Metals -0.6%.  Agriculture -0.66%.  Gold +1.59%.

After an 90 mins of trading, XJO started on the low side, but is now up  +0.2%.  That usually suggests more upside.

Bitcoin.

Bitcoin was up +0.76% last night.

Above is a Heiken-Ashi chart which tends to lag a bit - but good at filtering out noise. 

Bitcoin is consolidating at its highs.  I'd wait until I see which way this breaks.