Dow Jones -1.49%. SP500 -1.57%. Nasdaq -2.04%. Small Caps -1.9%. Banks -1.37%.
SP500
That’s a bearish candle retreating from the 50-Day MA and the 20-Day MA.
All the indicators are back in bearish territory.
Expect more downside. Sell the rallies.
Commodities.
Commodities Index -1.27%. Energy -1.24%. Base Metals -1.5%. Agriculture -1.83%. Gold -1.99%.
Energy is back to the 50-Day MA which has served as support recently. Watch for a bounce.
After 30 minutes of trading this morning, XJO is down heavily -1.34%. Staples is the only sector in positive territory. Energy, Materials and Technology are all down >2%.
Good luck.
Australian Market Report 