DAX futures (Mar 2018 contract FDXH8, continuation contract is FDXc1)
The negative daily candlesticks continue to build as a consolidation leans towards corrective bias on the DAX.
This comes with the market continuing to gravitate around the 13,200 pivot.
The question is whether the cluster of bear candles points towards an underlying weakness in a market that is effectively being propped up by the stellar gains on Wall Street.
The negative candles show that selling pressure develops throughout the session and again this was the case yesterday.
It also means that early support today may be questionable again.
The momentum indicators are still holding up well on the daily chart, but it is interesting to see the negative bias shows more on the hourly chart.
The hourly RSI seems to be limited around 60 but if the bulls can pull above here in a sustainable way then it would be a sign of an improvement in sentiment.
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