12/8/23. Saturday Finspiration Report.

 ASX down on Friday, XJO -0.24%.  Europe down, Euro STOXX600 -1.09.

U.S. Indices mixed:

Dow Jones +0.3%. SP500 -0.11%.  Nasdaq -0.68%.  Small Caps -0.09%.  Banks +0.39%.

SP500.

 

SP500 was down a little but the worst was alleviated by intra-day buying.

The Index is down to Horizontal Support and support of the 50-Day MA.  The Gap back in 12 July has been closed by last night's action.  That's the confluence of a series of events which suggests the next move will be to the upside.

Another Horizontal Support level exists a little lower down and at a Low Volume Node.  Even if more down side is seen on Monday, That Horizontal Support and Low Volume Node should be as far as this pull-back goes.

Commodities.
 

Commodities Index -0.16%.  Energy -0.09%.  Base Metals in free fall -1.25%.  Agriculture flat 0.00%.  Gold flat 0.00%.