DAX futures (Dec 2017 contract is FDXZ7, continuation contract is FDXc1)
It is becoming increasingly clear that the bulls are struggling to maintain control now.
Volatility on an intraday basis has stepped up in the past few sessions but and the market is trading back below the psychological 13,000 level once more.
Despite the market broadly consolidating, a couple of strong bear candles in a row shows that early gains are being sold into as the DAX cannot replicate the strong moves seen on Wall Street.
Momentum indicators are now in reverse with the recent sell signal on the MACD lines now followed by a sell signal on the Stochastics, whilst the RSI is threatening to drop back below 70.
The hourly chart show momentum indicators beginning to become more correctively configured.
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