DAX Xetra (cash index)
As the market has broken higher in the past few sessions the bulls look to be gaining control once more.
However there is still work that needs to be done to suggest the market is bullish again.
The late February rally high at 12,601 needs to be breached which would breach the key lower high in the selling phase.
A six week downtrend was broken last week and momentum indicators are picking up but they are still needing to push into more bullish configuration otherwise the risk is that this could still just be a bear rally.
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