|Percentage of S&P 500 Stocks Over Their 200-day Moving Averages|
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Technical analysis of the Dow Jones Industrial Average show that a catastrophic market crash is looming.
After breaking out of our bases and hitting all-time highs the Dow Jones Industrial Average and S&P 500 look to be forming bull flag patterns.
Investors may fear oil prices will be bludgeoned near term if a global glut persists, but concerns over U.S. producers' ability to hinder oil's recovery are unfounded, industry followers say.