DAX futures (Dec 2017 contract is FDXZ7, continuation contract is FDXc1)
There is still a sense of the bulls being in control as the market continues to push new all-time highs.
Friday’s candle that closed around the low of the session does not appear to have deterred the buying pressure which has once more pushed a new all-time intraday high today by a few ticks.
Daily momentum indicators remain strongly configured and intraday weakness is still seen as a chance to buy.
The market posting creeping gains could give rise to a near term correction at some stage and the reaction to that correction will be key for the outlook.
For now though cautious longs are still in play.