Major indices in America up modestly.
Dow Jones +0.1%. SP500 +0.18%. Nasdaq +0.3%. Small Caps -1.05%. Banks -0.86%.
SP500
The SP500 is set up for a pull-back.
1. At the Point of Control of the Volume Profile.
2. At the lower edge of the Kumo Cloud (Ichimoku System)
3. At horizontal resistance.
4. At a big congestion zone.
5. Volume has dropped significantly, so there's no conviction in the market.
6. Overbought on the Stochastic.
It is rare to see so many negative conditions coming together at the one time.
Commodities.
Commodities Index +0.41%. Energy +0.33%. Base Metals +1.29%. Agriculture +0.27%. Gold -0.78%.
In the Australian market after 20 minutes of trading, XJO is down -0.23%.
Hope you back a winner in today's Cups race.
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