Catalysts & Headlines (CET)
US macro cluster drives afternoon volatility
Services and labour-market prints can reset yield expectations quickly, making 24456 the key upside trigger and 24222 the key failure line.
16:00
ECB policy tone remains in focus
Policy guidance remains important for EUR rates and banks, with DAX reaction tied to whether yields stay contained.
14:30
Brent weakness supports disinflation narrative
The sharp oil pullback eases inflation pressure, but also keeps cyclicals sensitive to any growth scare in the US releases.
15:16
Economic Calendar (CET)
08:30CHCPI m/mMed
14:30EUECB President Lagarde SpeaksMed
16:00USISM Services PMIHigh
16:00USJOLTS Job OpeningsHigh
16:00USNew Home SalesMed
Key Levels — DAX
| Level | Price | Type |
|---|---|---|
| R3 | 24852 | Resistance |
| R2 | 24619 | Resistance |
| R1 | 24456 | Resistance |
| POC | 24326 | POC |
| Pivot | 24222 | Pivot |
| S1 | 24059 | Support |
| S2 | 23826 | Support |
| S3 | 23663 | Support |
Overnight Session
DAX Pre-Market
24326
34
EURO STOXX 50
5840
76
VIX
17.58
-0.71
10Y Yield
4.426
-0.020
EUR-USD
1.1704
-0.0023
Brent
111.59
-2.85
Market Context
Overall market mood (0–100). Higher = more bullish. Lower = more bearish. Green = risk-on. Red = risk-off. Amber = mixed.
DAX Sentiment61 / 100
Options put/call balance (0–100). Higher = more puts, more hedging/fear. Lower = complacency. Green = low hedging. Red = heavy protection. Amber = balanced.
Put-Call58 / 100
VIX futures curve shape (0–100). Higher = steeper contango, calmer outlook. Lower = flatter or backwardated, stress rising. Green = calm. Red = elevated hedging demand. Amber = neutral.
VIX Term Structure57 / 100
EUR implied volatility level (0–100). Higher = more FX volatility, macro/ECB uncertainty. Lower = stable EUR, supportive for DAX exporters. Green = low vol. Red = high vol, stress. Amber = moderate.
Euro Vol46 / 100
DAX 40 breadth (0–100). Higher = broad participation, healthy rally. Lower = narrow leadership, rotation risk. Green = strong breadth. Red = weak breadth. Amber = mixed.
Breadth64 / 100
Session Playbook
Bull Case
| Order | Buy Stop |
| Entry | 24446-24466 |
| Stop | 24326 |
| TP1 | 24619 |
| TP2 | 24852 |
Momentum trigger above 24456 opens continuation potential if afternoon flows confirm higher highs.
Bear Case
| Order | Sell Limit |
| Entry | 24446-24466 |
| Stop | 24619 |
| TP1 | 24059 |
| TP2 | 23826 |
Fade only if 24456 rejects cleanly; failed breakout would expose trapped longs into the lower support band.
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