Finspiration Australia.

 28/2/23.  Finspiration Tuesday Morning Report.

Overnight, U.S. fades from early highs..

Dow Jones +0.22%.  SP500 +0.31%.  Nasdaq +0.63%.  Small Caps +0.2%.  Banks +0.23%.

Lots of doji candle-sticks, lots of intra-day selling last night, lots of indecision.

SP500.

The past two days have seen the SP500 claw back above the 50-Day and 200-Day MAs.  That's a positive.

It remains below the 8-Day EMA and the mid-line of the Bollinger Bands.  We need to see the SP500 in the top half of the Bollies before feeling comfortable.

It's not unusual after a "Golden Cross" for the market to come back and test the important MAs.  At this stage the test seems to have been successful.

Commodities.  Mixed Results.

Commodities Index +0.08%.  Energy -0.33%.  Base Metals +1.01%.  Agriculture -0.1%.  Gold +0.39%.

After an hour of trading, XJO is up +0.65%.

Bitcoin.

Bitcoin up +1.19% overnight.  The crypto is in a sideways consolidation now oscillating around the 20-Day MA which is basically flat.

The 50-Day MA is about to cross above the 200-Day MA which would complete a "Golden Cross", a bullish event.