DAX futures (Sept 2017 contract is FDXU7 and expires on 15th Sept, continuation contract is FDXc1)
The bulls are increasingly taking control once more, but the key overhead resistance still needs to be breached.
A growing sense of positivity has been developing in the past few days as bullish candles have been forming.
This has been putting pressure on the 11 week downtrend and that downtrend was decisively breached yesterday by a strong bullish candle.
This move has been confirmed by the RSI rising this morning well above 50 and to an 11 week high, the MACD lines pulling higher and the Stochastics also at a four month high.
This has been pivotal in recent months and capped the gains throughout August.
The momentum indicators suggest that this resistance will come under increasing scrutiny.
Hourly momentum is also positively configured.
The one big caveat is that the ECB is this afternoon which will increase volatility but technically the DAX futures are increasingly positive again.
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