17/9/22. Overnight in America, stocks slip again.
Dow Jones -0.46%. SP500 +0.72%. Nasdaq -0.9%. Small Caps -0.65%. Banks -1.51%.
SP500.
Friday's candle presents as a "hanging man" candle, coming at the low end of a trend that often signifies an end to the trend is close.
SP500 gapped down at the opening, sold off, but intra-day buying brought the index back up close to its opening quote.
RSI is oversold. Both RSI and CCI show positive divergences so a rebound may be a possibility.
Stochastic is down into the oversold area. That's a "get set" signal, but don't jump the gun. It can remain oversold for long periods of time.
Commodities.
Commodities Index -0.36%. Energy -0.62%. Base Metals flat 0.00%. Agriculture -0.1%. Gold +0.55%.
Gold fell heavily on Thursday on bigger than normal volume. Thursday may have been a wash-out event.
Yesterday in Australia.
XJO down heavily on Friday, -1.52%. It is below the Kumo Cloud and Supertrend is blue (bearish).
The index is coming down to horizontal support and a major congestion zone over to the left of the chart. RSI is oversold.
There may be a bit more downside, but a short-term bounce is likely next week.
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