Though in the midst of an 18 day uptrend, gaining a total of 9.54%, (1,411.19 points), The prevailing bullish trend is beginning to fade following yesterday's downbeat session. The DAX goes down 1.09% to close at 14,383 yesterday.
The index has been trending positively for about a month. The DAX hit a significant low of 15.42 around 2 months ago, but has since recovered 94,200%.
According to momentum evaluation, according to technical analysis of DAX's Relative Strength Index (RSI), the market is currently overbought.
Fundamental indicators – Euro Zone CFTC EUR speculative net positions released yesterday at 19:30 UTC with a figure of 123,100, while the previous figure was 112,700.
In the meantime, negative performances are also seen in other markets, after ending yesterday's session at 34,347, Dow Jones lost 497.57 points and is trading around 33,849. S&P 500 is down to 3,964, losing 62 points, after ending the previous session around 4,026. Hang Seng is down to 17,300, losing 273.58 points, after ending the previous session around 17,574.
Upcoming fundamentals: Germany Unemployment Change expected to decline to 13,000 while its preceding data was 8,000, data will be available tomorrow at 08:55 UTC.