Finspiration Australia.

 18/5/23.  Thursday Morning Finspiration Report.

U.S. up strongly last night.

Dow Jones +1.24%.  SP500 +1.19%.  Nasdaq +1.28%.  Mid Caps +1.72%.  Small Caps +2.37%.  Banks +5.09%.

SP500

Last night's strong action seems to have resolved the recent impasse in the Index which has just been sliding sideways.

Tenkan Sen (Recovery Line - Blue) is back above the Kijun Sen (Base Line - Black).  That's a bullish signal.

Next seems seems to be horizontal resistance from May 1, at 4190.  SP500 finished at 3939 last night.

Commodities.

Commodities Index +1.19%.  Energy +3.01%.  Base Metals +1.7%.  Agriculture -0.76%.  Gold -0.35%.

Gold's doji candle-stick at the lower end of a down-trend suggests the down-trend could be ending.

Equities and Commodities will both help the Ozzie market today.