Oz up. Europe up, U.S. down.
Chart for STW - tracking ETF for ASX200.
Huge upside movement by the Australian market yesterday, following on from a big move in the U.S. on Thursday. But the U.S. market reversed last night - and our market will surely follow on Monday.
U.S. Indices.
It was options expiry day in the U.S. on Friday, which explains the huge volumes seen on the major indices. That may explain, at least in part, some of the big drop last night as the Market Makers weave their magic to inflict the greatest loss on expiring options. We'll know more in Monday night's trading when "normal" conditions return.
SP500.
Last night's action brings the SP500 back to the middle of the Bollinger Bands. That's about the middle of the price distribution over the past 20-Days - which looks like the area the Market Makers might have been aiming for in their manipulations.
Commodities.
Commodities Index -0.23%. Energy -0.41%. Base Metals -1.07%. Agriculture -0.59%. Gold +0.66%.
Overnight Sydney Futures were down, -0.56% which ensures the Oz market will open on the negative side on Monday.
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