Finspiration Australia.

 8/3/23.  Finspiration Wednesday Morning Report.

Powell's comments sink U.S. Stocks.  Commodities down

Dow Jones -1.72%.  SP500 -1.53%.  Nasdaq -1.25%.  Small Caps  -1.0%.  Banks -3.87%.

SP500.

Selling was consistent throughout the session.  The three-day candle stick pattern is bearish after failing at the 20-Day MA.  

Last night's session broke below the 8-Day EMA and the 50-Day MA.

Support remains with the Supertrend.  Tonight's action looks crucial.

Commodities.

Commodities Index -2.05%.  Energy -2.8%.  Base Metals -2.46%.  Agriculture -0.15%.  Gold -1.75%.

After one hour of trading this morning, XJO is down -0.9%.  

Bitcoin.

Overnight, Bitcoin was down -1.59%.  It remains below the 50-Day MA and 8Day EMA.  Possible support zone is shown by the shaded rectangle.