DAX futures (Dec 2017 contract is FDXZ7, continuation contract is FDXc1)
The bears have grasped control now as a sharp market decline has taken hold.
A second strong bear candle in the past three sessions has now broken the support of a ten week uptrend.
Although the trendline survived on a closing basis the early moves today suggest the market is accepting the new lower levels and the pressure is mounting on a correction.
This comes with a string of negative signals on momentum with the MACD lines crossing lower, the Stochastics accelerating to the downside and RSI at a nine week low.
Another bear candle today will maintain the corrective momentum.
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