Last night in America major indices finished mixed. After the lunch session the major indices were all at least marginally higher, but afternoon trading sent Dow Jones and SP500 into negative territory while Nasdaq remained positive.
Sydney Futures finished in negative territory.
America Last Night.
Dow Jones -0.59%. SP500 -0.17%. Nasdaq +0.27%. Small Caps -0.95%. Banks -0.95%.
SP500
Last night's candle shows long wicks on top of a narrow body. That's indicative of a major battle taking place between opposing forces (bulls and bears). It is notable that the battle is taking place right at the 200-Day MA - usually taken as the dividing line between bull and bear market.
2-Day EMA of Force Index was low enough on Friday to suggesst a possible low (below bottom Bollinger Band). It moved up last night. It needs to get above both the 13-Day EMA and the centre line (20-DMA) of the Bollinger Bands to feel sure that a low is in place.
Commodities.
After an hour of trading today XJO is up about +0.3%.
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