17/9/22. Overnight in America, stocks slip again. Dow Jones...

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.