DAX futures (Sept 2017 contract is FDXU7, continuation contract is FDXc1)
Once again we find intraday strength being seen as a chance to sell as the DAX continues to struggle.
The strength of the euro remains a key factor in hitting Eurozone equities and the technicals on the DAX remain negative.
Rallies remain a chance to sell.
Momentum indicators continue to fall away into strong negative territory with the RSI in the low 30s, the MACD lines in decline below neutral and the Stochastics bearish.
Once more this morning the market is underperforming (especially the FTSE 100 and Asian markets).