Friday, June 16, 2023

17/6/23. Saturday Finspiration Report.

Friday:  XJO up strongly.  America market down a little.

XJO up +1.06% on Friday and has broken out of its down-trend.  Expect some pull-back after such a strong day.

Overnight in the U.S.


Friday was Options Expiry Day in the U.S.  Volume was very high.

The market traded in a relatively narrow range but finished on the downside.

Dow Jones -0.32%.  SP500 -0.37%.  Nasdaq -0.69%.  Mid Caps -0.4%.  Small Caps -0.41%. Banks -0.71%.

SP500.

SP500 has been in a very strong up-trend.

RSI has turned down below its upper band and CCI has a negative divergence.  Expect the next move to be to the downside.

Commodities.


Commodities Index +1.25%.  Energy +1.36%.  Base Metals +0.16%.  Agriculture +1.34%.  Gold -0.15%.

Oz Futures are down a little -0.04% overnight suggesting a flat opening on Monday for the Oz market.

 

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