While the bond markets have seen big drops this week equities have remained resilient, says Clive Lambert of FuturesTech. He points to the Dax and mentions that it has been weighed on of late by a big Fibonacci level up at 11,000.

For today and probably Monday as well, Lambert believes that day traders will
be dip buying the Dax.

For that reason he is also looking to buy the Dax on a dip to 10,630 with a stop below 10,575. His targets are 10,740 and 10,820.

Clive Lambert features analysis of a selected trade every Friday on Trading Floor.

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