6/4/23. Thursday Morning Finspiration Report.
Overnight in the U.S.: Dow Up, Nasdaq down.
Dow Jones +0.24%. SP500 -0.25%. Nasdaq -1.07%. Small Caps -0.82%. Banks -0.5%.
SP500.
The chart is below the 3-DEMA but above the 8-DEMA. DZStochastic remains above the sell line but turned down. Schall Trend Cycle remains above its sell line. Wait for definite signals.
Commodities.
Commodities Index +0.37%. Energy+0.95%. Base Metals -0.61%. Agriculture +0.49%. Gold -0.08%.
ASX Futures down just -0.1% - looks like another uneventful day before Easter.
Bitcoin (USD)
BTCUSD up +1.35%. BTC remains in a wide consolidation pattern. Indicators (DZStochastic and Schaff Trend Cycle) are on short-term "sell" signals.
Notice, however, that the bands on DZStochastic are narrow so it wouldn't take much to flick this into a bullish configuration.
Until horizontal support is broken, this remains in a sideways consolidation. Wait.
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