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Shorting the Dax: O'Hare
First4Trading's Steve O'Hare is shorting the Dax. His reasons for doing so include concerns about Greece, Brexit and the immigration crisis.
He points to three weekly positive candles reacting from 8,687. He says that the last four days have been indecisive, indicating a stall and potential downward trend to return.
Previous highs have been rejected and the short term focus remains heavy and negative.
Steve is looking to set shorts on a break of 9,685 and his targets are 9,585; 9,510 and 9,435. His stop is a move back above 9,735.
01:38 minutes
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