Deutsche Boerse: decline ongoing, momentum fading

Deutsche Boerse is at week 6 of a sell signal: the latest week closed lower with sellers at 63%, snapping back from an isolated technical bounce. The MACD has completed a bearish crossover and capital flows have been in distribution for a month. A double bottom in the 240 area holds, but nearby moving averages have already rejected multiple recovery attempts. The trade is essentially flat since inception, with trading not recommended per our model.