DAX closes lower for a second day- will it be three in a row later today?

Yesterday, as the DAX was rebounding from a session low at 22,360, the reader was warned that it might not make it high enough to set a higher close on the day, above where it had closed on Wednesday, at 22,433. Well, subsequent to that update, the DAX fell back to set a new session low at 22,280 and a lower daily close followed. The index ended the session, 118 points lower, at 22,314, marking a second successive lower daily close. That was the first time in a while the index had done that and it endorsed the technically negative close set on Wednesday. Of course this all made sense, given the potential for the German elections to disrupt the record run seen in the DAX this year. So, as you can see profit-taking has been the name of the game ahead to the weekend elections over the past couple of days and it might easily continue again today. The DAX futures are a little higher this morning though, but not materially so at this stage. The index is currently priced to reopen around 22,355