DAX futures (Mar 2018 contract FDXH8, continuation contract is FDXc1)
The DAX is beginning to give off mixed signals as the market has just found some support since Friday.
Closing higher on the day the candlestick was actually negative across the session as the market closed below the open.
However, there was also a higher low and the slide in the momentum indicators which has been developing in recent weeks has begun to settle down.
Another early drop back in today’s session has been supported, with another daily higher low currently in place.
Is this the process of the market forming a higher low?
Today’s candle has left a higher high for the first session in four however so far the market is trading down on the day.
This mixed outlook is reflected on the hourly chart but would lean more negative is the hourly RSI continues to fail around 50 and the hourly MACD lines fail under neutral.
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