SaxoTV

Lucas: Bullish on the Dax and here's why

387 views
September 09, 2015 bull, bull market, bull run, bullish, bullish sentiment, bvull, data, dax, dax 10000, dax 10400, dax 30, dax 8900 level, dax 9000, dax bear, dax bearish, dax bearish momentum, dax bull, dax bullish, dax down, dax downward trends, dax falls, dax ftse ratio, dax futures, dax gains, dax germany's dax, dax index, dax index bearish, dax index bullish, dax index equityies, dax index trands, dax index trend, dax index trend', dax index trends, dax price, dax rally, dax record high, dax support, dax support levels, dax target, dax trading, dax ukraine, dax weakness, dax.l, dax2014, daxdax, daxdax¨', dollar, dollar index, dollar indexa, e4q, equities, equities 2014, equities prices, equities saxo, equities trading, equity, equity bubble, equity index, equity market, equity market 2014, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity risk premium, equity strategy, equity trading, equity us, germany, saxo tv, steve lucas, traders, tradingfloor.com
Steve Lucas from 3c Analysis is plotting a bullish trade in the Dax. August's sell-off saw the index drop by around 20% but Steve believes the signals now indicate a recovery.

Expecting a bullish gap opening, Steve plans to buy at the market and a setback to 10310 but adds that the moving averages have to be broken in order to prove that the August sell-off was temporary. 

Buy at the market
Buying setback to 10310
Stop: 10250
Target: 10495 10674.5