Oil advances higher ahead of the Crude Oil Inventories data. The market is expecting a decline here. Mid-term sell signal on Oil is denied and the price came back above a crucial long-term support on the 53.60 USD per barrel. If the data doesn't disappoint, the buy signal will be on.
DAX bounced from the upper line of the channel up formation creating a head and shoulder pattern. We are currently fighting on the neckline. A breakout here could trigger a short-term sell signal with the potential target on the lower line of the aforementioned channel up formation.
SP500 is inside a wedge, trying to correct the post-Trump optimism. Correction is flat, bulls are strong, so it is more probable that we will see another upswing anytime soon.