DAX futures (Mar 2018 contract FDXH8, continuation contract is FDXc1)
After a period of uncertainty the bulls stormed ahead on Friday with a hugely impressive session of strong gains.
Adding 170 ticks on the day and a breakout above resistance at 13,422 to a ten week high the bulls come into this week in the driving seat.
Momentum indicators have swung decisively higher again with the Stochastics swinging up, with MACD lines with a bull kiss and the RSI into the low 60s again.
Can this momentum continue to test the all-time high at 13,525?
The test will be how the bulls react to the breakout above 13,422.
This could come to be tested as the hourly indicators just tick a touch lower this morning.
A failure then suggests that the market would be continuing to play out the ranging market littered with false breaks.
An important moment for the bulls.
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