DAX FUTURES ANALYSIS 02/05/2017
The consolidation on the DAX is throwing up mixed signals as the run of small bodied candles continues.
The momentum indicators are strongly configured but also reflect this consolidation now.
The near term breakout support at 12,411 is an increasingly important support for this consolidation now.
Trading on the hourly chart shows how the market has made very little progress in the past few sessions and with momentum indicators increasingly neutral the market is waiting for the next catalyst.