19/4/23. Wednesday Morning Finspiration Report.
Overnight: US finishes with little change.
Dow Jones -0.03%. SP500 +0.09%. Nasdaq -0.04%. Mid Caps -0.13%. Small Caps -0.53%. Banks+0.17%.
SP500.
SP500 is close to a major horizontal resistance level.
The chart is in a bearish upscoping wedge which usually breaks to the downside.
Continue to watch for a downside break.
Commodities.
Commodities Index +0.21%. Energy -0.35%. Base Metals +1.11%. Agriculture +0.47%. Gold +0.39%.
After 30 minutes of trading this morning, XJO is up +0.1% in choppy trading. Miners are strong, banks are weak.
Bitcoin.
BTCUSD was up strongly last night, +3.21%. Technically, bearish conditions continue to exist.
MACD shows a negative double divergence. Supertrend remains bearish and Hull MA13 is turned down.
Monday's downside move could be a one-off - but until indicators turn bullish - I'll stick with my original analysis.
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