12/7/23. Wednesday Morning Finspiration Report

 Overnight in the U.S.  Stocks push higher. Commodities up.

Dow Jones +0.93%.  SP500 +0.67%.  Nasdaq +0.55%.  Mid Caps +1.12%.  Small Caps +0.94%.  Banks +1.69%.

Small Caps are at a major horizontal resistance area.

SP500.

SP500 has bounced up from a High Volume Node.  

The index is close to its recent high.  Odds favour a break above that level.

June CPI is released tonight in the U.S. (Oz time).  That could be the catalyst for a strong move to the upside.

Commodities.

Commodities Index +1.17%.  Energy +1.73%.  Base Metals +0.28%.  Agriculture +0.99%.  Gold +0.37%.

Gold Chart.

Gold broke above its 20-Day MA last night but remains in a bearish configuration.

A break above the Base Line on the Ichimoku System should see a counter trend move, but the precious metal has a lot of overhead resistance.