Has been supported by markets but not for long. check out 200 day ma..
the fourth time it has been here
Oil may retest 50 week moving avg. (bottom of Kumo) or test the Ichimoku base line. Markets may respond to oil in low 40's. Many oil experts have been claiming oil should turn around in late '16/early '17. The weekly Ichimoku seems to agree. But it also suggest more downside before end of the year.
DAX needs to bounce tomorrow or US likely will follow IMO
The gap may close to 57.30's but I'm expecting it to fall below mid 55's , where it should continue to drop IMO
bearish twist in daily kumo and overbought %R
closed below 50 week MA and in Weekly Kumo
XBI below every major MA except 100 SMA and this lies on an important point in the Kumo. IMO if this breaks and sell off starts, it could impact the entire market.