Sat. a.m. 22/5/21. Mixed results for NY stocks.In Australia...

Sat. a.m. 22/5/21. Mixed results for NY stocks.

In Australia Yesterday:

XJO up a little yesterday +0.15%. Trading was indecisive resulting in yesterday's spinning candle.

The day opened positively but couldn't overcome converging, multiple overhead resistance levels.

Chikou Span, one of the five lines from the Ichimoku system, is entangled with the Chart. That's indecision. Awesome Oscillator is flat.

This is a picture of indecision, not helped much from overnight action in New York where results were mixed.

Overnight:


Dow Jones +0.36%. SP500 -0.08%. Nasdaq -0.48%. Small Caps +0.42%. Banks +1.31%.

SP500:

SP500 is also a picture of indecision.

It continues in its sideways consolidation.

Chikou Span is entangled with the chart. Awesome Oscillator is flat.

It might be best to stay out until direction, one way or the other, is confirmed.

Commodities:


Commodities Index up +0.95%. It was helped by a strong Energy up +2.16%. Metals were flat. Base Metals -0.1%. Gold +0.05%.