The market do not know which direction to go clearly and at the moment there is a little adjustment to the downside. Yet FEd did not decide to increase its interest rate and ECB has decided to launch its QE at last. At the present moment, there is a move on the downside as the signals clearly shows. However, we are lready rather low as far as RSI is concerned. Therefore after a little correction on the downside, DOWI may not stay on the downside for a very long time. One should wait a clear signal for direction.
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How will oil price, now over $53.00 barrel affect the Dow?