Last updated: September 4th, 2017 at 10:11 am
DAX futures (Sept 2017 contract is FDXU7, continuation contract is FDXc1)
Rallies on DAX futures are now a chance to sell.
Having broken below the support at 12,303 there is now a source of overhead supply that will be looking to sell into strength.
An early morning rebound today already looks to once more be failing and the sellers remain in control.
Momentum is negative across the board on the daily chart and the hourly chart simply reflects a market that is looking to unwind to renew downside potential.
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