4/4/23. Tuesday Morning Finspiration Report.
Overnight in the U.S.: Dow Up, Nasdaq down. Oil up.
Dow Jones +0.96%. SP500 +0.37%. Nasdaq -0.27%. Small Caps +0.05%. Banks -0.55%.
SP500.
SP500 remains bullish but somewhat extended to the upside. Dips will probably be bought.
Stay with the trend.
Nasdaq.
Nasdaq had a small pull-back last night at a major resistance level. MACD is showing a big negative divergence from the chart. Expect some downside to the Nasdaq in the near term.
Commodities.
Commodities Index +1.64%. Energy +3.24%. Base Metals -0.89%. Agriculture +0.1%. Gold +0.72%.
After ten minutes of trading this morning, XJO is is flat +0.07%.
Bitcoin (USD)
A wide double top may be forming in BTCUSD.
Indicators (lower panels) are all heading down.
The short-term line is headed down. The Crypto finished last night below the 8-Day EMA.
All that suggests more downside if the current horizontal support breaks. Take care.
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