NEW YORK ( TheStreet) -- Stock futures were pointing lower Wednesday amid declines on global markets and a lack of clarity from Chinese policymakers about reforming the world's second-largest economy.
--By Jane Searle in New York.
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.