DAX30 breaks major resistance at 10000, targets 10400

• Major resistance – 10041 (14th Mar 2016 high)
   
• Major support -9880
   
• The index has broken major resistance 10041 and jumped till 10059 at the time of writing. It is currently trading around 10054.
   
• Short term trend is bullish as long as support 9880 holds.
   
• Any break below 9880 will drag the index down till 9760/9575.
   
• On the higher side break above 10040 will take the index to next level till 10165/10400.
   
• Short term bullish invalidation only below 9300.

It is good to buy around 10030-10050 with SL around 9880 for the TP of 10400