Finspiration Australia

        10/2/2023.  Finspiration Friday Morning Report.

U.S. stocks down, Energy down, Base Metals flat, Gold down.

Dow Jones -0.73%.  SP500 -0.88%.  Nasdaq -1.02%.  Small Caps -1.3%.  Banks -1.5%.

SP500.

Last night negates the big gains from Tuesday.  SP500 has broken below short-term support of the 8-Day EMA and Hull MA has turned down.  Those are short-term bearish events.  Supertrend remains bullish.  

Plenty of support remains below to soften any further downside moves.

Commodities.

Commodities Index -0.79%.  Energy -1.31%.  Base Metals +0.1%.  Agriculture -0.65%.  Gold -0.79%.

Overnight Oz Futures down -0.4%.  That should mean a poor start to today's trading.

Bitcoin.

Bitcoin was down -4.3% overnight.

BTC broke from its consolidation zone to the downside.  The short-term trend is now down.  Expect support around 21,000 (round figures).