Finspiration Australia.

 20/4/23.  Thursday Morning, Bitcoin Finspiration Report.

Bitcoin fell further last night - confirming bearish "sell" signals.  BTCUSD down -5.17%

Two out of three Supertrend lines have now turned blue (bearish).  One more - and it is a slam dunk.

All three indicators in the lower panels are showing "sell" signals.

Important horizontal support/resistance lies at 28473.  BTCUSD finished at 28824

Finspiration Australia

 20/4/23.  Thursday Morning Finspiration Report.

Overnight in the U.S.  Little change in the U.S. again last night.

Dow Jones -0.23%.  SP500 -0.01%.  Nasdaq +0.03%.  Mid Caps +0.18%.  Small Caps +0.31%.  Banks +1.6%.

SP500.

SP500 remains above the 8-Day EMA and Supertrend (10/1).

DZ Stochastic and Double MACD have given marginal sell signals, but not confirmed by RSI.

Commodities.

Commodities Index -1.39%.  Energy -1.71%.  Base Metals -0.6%.  Agriculture -0.89%.  Gold -0.48%.

Yesterday in Australia we had a flat day with Miners up and Banks down.  Today it seems we'll have another flat day but relative strength reversed, Banks up and Miners down.

Finspiration Australia.

 19/4/23.  Wednesday Evening Finspiration Report.

ASX barely moved today.  XJO up +0.07%

XJO continues to flirt with the horizontal support/resistance line.  It's now had five touches of that line in six days.

The trend remains bullish.

Today was a narrow range day - look for range expansion tomorrow which may lead the way higher or lower.

Overseas markets tonight are not looking happy.  European STOXX600 is currently down -0.31%.  Dow Futures down -0.41%.  Bitcoin USD down -2.96%.

Finspirtion Australia.

 19/4/23.  Wednesday Morning Finspiration Report.

Overnight:  US finishes with little change.

Dow Jones -0.03%.  SP500 +0.09%.  Nasdaq -0.04%.  Mid Caps -0.13%.  Small Caps -0.53%.  Banks+0.17%.

SP500.

SP500 is close to a major horizontal resistance level.  

The chart is in a bearish upscoping wedge which usually breaks to the downside.

Continue to watch for a downside break.

Commodities.

Commodities Index +0.21%.  Energy -0.35%.  Base Metals +1.11%.  Agriculture +0.47%.  Gold +0.39%.

After 30 minutes of trading this morning,  XJO is up +0.1% in choppy trading.  Miners are strong, banks are weak.

Bitcoin.

BTCUSD was up strongly last night, +3.21%.  Technically, bearish conditions continue to exist.

MACD shows a negative double divergence.  Supertrend remains bearish and Hull MA13 is turned down.

Monday's downside move could be a one-off - but until indicators turn bullish - I'll stick with my original analysis.

Finspiration Australia.

 18/4/23.  Tuesday Evening Finspiration Report.

ASX down modestly today.

XJO lost -0.29%.

The Index remains bullish.  Nothing untoward to see in the indicators.  Stay with the trend.

Finspiration Australia

 18/4/23.  Tuesday Morning Finspiration Report.

Modest gains in the U.S. overnight.

Dow Jones +0.3%.  SP500 +0.33%.  Nasdaq +0.28%.  Mid Caps +0.76%.  Small Caps +0.59%.  Banks +1.4%.

SP500.

The up-trend in the SP500 remains bullish.

DZ Stochastic continues to flirt with its "sell" line - last night it lifted just above the upper line of its Dynamic Zones.  RSI remains clear of its "sell" line - the 20-Day MA.  Both must confirm

Commodities.

Commodities Index -0.41%.  Energy -1%.  Base Metals -0.55%.  Agriculture +1.39%.  Gold -0.45%.

ASX Futures down -0.2% - that suggests the Oz market will have a weak opening.

Bitcoin.

Bitcoin was down heavily overnight, -2.88%.

Lots of bearish signals:

• Three doji candlesticks in a row (lots of indecision) followed by a big bearish candle (indecision eradicated).  
• Last night also fell below a major support/resistance line set back in May 2022.
• The first Supertrend line has turned bearish.
• Last night's candle fell below the 8-Day EMA.
• RSI has fallen below its mid-line (20-Day MA).  That's a sell signal.
• Dynamic Zone Stochastic has confirmed the RSI sell signal by falling below the upper line of the Dynamic Zones.

Stay Safe.

Finspiration Australia.

17/4/23.  Monday Evening Finspiration Report.

XJO up modestly today.  +0.27% 

XJO finished the day above horizontal resistance, but, with a narrow range day, it wasn't a particularly convincing performance today.

Everything on the chart remains bullish, except for a small negative divergence setting up on CCI.

The lack-lustre trading in Australia today seems to be carrying over to U.S. Futures.  Dow Jones up marginally +0.05%.  SP500 +0.09%.  Nasdaq -0.02%.