Catalysts & Headlines (CET)

⚡
German flash PMIs signal softer growth backdrop
Weak manufacturing and services readings would reinforce downside pressure on cyclicals and keep DAX rallies capped.
09:30
US flash PMIs can reset rate-sensitive sentiment
Stronger U.S. activity data could lift yields further and weigh on European equity multiples.
14:45
Brent spikes sharply above 103
Higher energy costs can squeeze margins and support defensive rotation in the DAX complex.
14:56

Economic Calendar (CET)

📅
09:15🇪🇺 French Flash Manufacturing PMIMed
09:15🇪🇺 French Flash Services PMIMed
09:30🇩🇪 German Flash Manufacturing PMIHigh
09:30🇩🇪 German Flash Services PMIHigh
10:30🇬🇧 Flash Manufacturing PMIHigh
10:30🇬🇧 Flash Services PMIHigh
14:45🇺🇸 Flash Manufacturing PMIHigh
14:45🇺🇸 Flash Services PMIHigh
15:00🇺🇸 Richmond Manufacturing IndexMed
18:00🇨🇭 SNB Chairman Schlegel SpeaksMed

Key Levels — DAX

📐
LevelPriceType
R322731Resistance
R222654Resistance
R122520Resistance
POC22428POC
Pivot22400Pivot
S122358Support
S222250Support
S322150Support

Overnight Session

🌙
DAX Pre-Market
22428
-226
EURO STOXX 50
5530
-44
VIX
27.39
1.24
10Y Yield
4.408
0.074
EUR-USD
1.1578
0.0018
Brent
103.66
3.72

Market Context

📊
Composite sentiment from institutional positioning, options flow, and retail surveys.
DAX Sentiment22
Put/Call Ratio — above 1.0 = hedging/fear; below 0.7 = complacency.
Put-Call63
Front-month vs back-month VIX spread. Contango = calm. Backwardation = stress.
VIX Term Structure71
Euro currency implied volatility. Rising = ECB uncertainty or macro stress.
Euro Vol58
% of DAX 40 constituents above 20-day MA. High = broad trend. Low = rotation risk.
Breadth29

Session Playbook

🎯
Bull Case
OrderBuy Stop
Entry22520-22540
Stop22390
TP122654
TP222731
Needs reclaim of intraday resistance after data to confirm short-covering.
Bear Case
OrderSell Stop
Entry22355-22345
Stop22455
TP122250
TP222150
Break of session low would trigger continuation toward lower support.
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