Last updated: September 4th, 2017 at 10:12 am
DAX futures (Sept 2017 contract is FDXU7, continuation contract is FDXc1)
The market continues to consolidate Wednesday’s upside break, and is now forming a neutral technical outlook.
A sharp break back above the 12,487 neckline of the two month top has improved the outlook but needs to break above 12,730 to abort the corrective outlook.
Hence there is a somewhat neutral technical outlook forming near term.
The rally has just lost impetus with a mildly negative candle with the RSI beginning to settle around the low 50s.
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