The indices will make a slight retracement

The interest rate is already increased and the Fed's plans for two further increases until the end of 2018 do not like the investors in stocks. Wall Street USD's expectations to recover are getting stronger, and this purely correlative will lead to a fall in indexes. In addition, today we expect the ECB's decision on the interest rate and the end of QE, which will surely lead to market uncertainty, as expectations are negative for the stock. We expect the ECB to commit with a specific QE end date, and if it is within 2018, the EUR will surely register a rising impulse that will also weaken European stocks.

Let's look at Dow Jones

Dow Jones - D1 (main chart)

The index reached a key zone of resistance, formed a major horizon and 61.8% Fibonacci downward movement correction and rebounded downward, forming a strong Price Action formation. There is an internal bar formation that was activated after the Fed's decision to raise interest rates. DeMarker, which is pointing down from an oversupply area, also supports the negative picture. In view of the above facts, I expect a 50% Fibonacci correction zone test, and if it falls, there is hardly anything to stop the price to the basic diagonal of the ascending channel.

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