Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 13/9/22.  Overnight in America, stocks continue to run higher for fourth day.

Dow Jones +0.71%.  SP500 +1.05%.  Nasdaq +1.27%.  Small Caps +1.28%.  Banks +0.83%.

European stocks also rose strongly, with European STOXX 600 up +1.8%.

SP500.

Short-term, SP500 continues to be bullish, but now facing some resistance from a congestion zone to its left and the Base Line of the Ichimoku system.  Expect some consolidation here.

Commodities.

Commodities Index +1.38%.  Energy +1.47%.  Base Metals +1.05%.  Agriculture +0.69%.  Gold +0.51%.

Iron Ore -0.6%.  Thermal Coal +0.5%.

Overnight Oz Futures +0.7%.  

Expect another solid day for the ASX today on the back of higher overseas stocks and commodities.

BITCOIN.

Since early June, 2022, Bitcoin has been in a long sideways consolidation within a longer down trend.

It remains below the Kumo Cloud and well below its 200-Day MA.  Until resistance of those two indicators, it is best to consider any rally to be a counter-trend rally in an ongoing bear market.

Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

10/8/22.  Overnight U.S. stocks fall.  Tech hard hit.

Dow Jones -0.19%.  SP500 -0.42%.  Nasdaq -1.19%.  Small Caps -1.44%.  Banks +0.45%.

European stocks also fell with the Euro Stoxx 50 down -1.11%.

SP500.

The modest fall in the SP500 keeps it in short-term and medium-term up-trends.  The longer term remains in doubt with the Index below the 200-Day MA.

The negative divergence on CCI suggests further falls down from the Horizontal Retracement Zone, 50%-61.8% of the fall earlier this year.

Plenty of near-by support may cushion any further falls.

Tonight in the U.S., CPI data is released.  If inflation ticks higher, the Fed. may be more aggressive in its next interest rate rise.

Commodities.  Out of step with Stocks.

Commodities Index +0.93%.  Energy +0.95%.  Base Metals +1.42% and up to the 50-Day MA, Agriculture +0.4%.  Gold tipped above its 50-Day MA, up +0.31%.  Expect more upside in Gold.

Iron Ore -1.5%.  Thermal Coal +3.6%.

Lots of plusses and minuses for Australia in the overnight data.  Stronger base metals, Energy and Banks should limit losses today in Australia.

After 15 minutes of trading, XJO is down -0.47%.  BHP is flat +0.05%, but Rio has risen +0.57%.