14/2/23. Inspiration Tuesday Morning Report.
Yesterday in Australia.
Chart is showing a "hidden divergence". Higher low on the XJO chart, lower low on the Stochastic. That's a bullish continuation pattern. I'd buy the next big up candle.
Overnight in the U.S.
Dow Jones +1.11%. SP500 +1.14%. Nasdaq +1.48%. Small Caps +1.25%. Banks +1.08%.
SP500.
Strong three day reversal pattern on the SP500. Chart has bounced nicely off the Supertrend and finished above both the 8-DEMA and Conversion line. That suggests the pull-back is over.
Commodities.
Commodities Index -0.21%. Energy -0.46%. Base Metals +0.74%. Agriculture +0.59%. Gold -0.51%.
With U.S. stocks rebounding, and strong Base Metals, our market should be well up today.
Bitcoin.
Bitcoin down a little last night, -0.4%. The "gravestone" doji for last night's candle could signal an end to this pull-back. I'd be long again if we see a big up day candle next.
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