DAX Xetra (cash index)
There is a continuation of the uncertain outlook on the DAX, something which is depicted well through yesterday’s session.
Another volatile session, of 250 ticks, the candlestick shows long upper and lower shadows and a very small real body.
There is though a trend lower still intact over the past four weeks, along with medium term negative configuration on momentum indicators.
This suggests that rallies continue to be a chance to sell.
Once more this morning there is a very muted tick higher on the DAX and the move lacks conviction.
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