Catalysts & Headlines (CET)
US producer-price inflation risk
Producer-price inflation can move yields and equity multiples quickly, especially with DAX extended intraday.
14:30
Fed leadership vote
A clean vote would calm policy uncertainty, while any surprise could hit late-session US risk appetite.
20:30
Volatility remains a constraint
VSTOXX remains elevated, so rallies need confirmation rather than blind momentum chasing.
15:16
Economic Calendar (CET)
14:30USCore PPI m/mHigh
14:30USPPI m/mHigh
20:30USFed Chair Nomination VoteHigh
Key Levels — DAX
| Level | Price | Type |
|---|---|---|
| R3 | 24475 | Resistance |
| R2 | 24370 | Resistance |
| R1 | 24226 | Resistance |
| POC | 24076 | POC |
| Pivot | 24116 | Pivot |
| S1 | 24002 | Support |
| S2 | 23870 | Support |
| S3 | 23740 | Support |
Overnight Session
DAX Pre-Market
24076
1776
EURO STOXX 50
5820
11
VIX
18.11
0.12
10Y Yield
4.475
0.012
EUR-USD
1.1705
-0.0075
Brent
107.42
-0.35
Market Context
Overall market mood (0–100). Higher = more bullish. Lower = more bearish. Green = risk-on. Red = risk-off. Amber = mixed.
DAX Sentiment57/100
Options put/call balance (0–100). Higher = more puts, more hedging/fear. Lower = complacency. Green = low hedging. Red = heavy protection. Amber = balanced.
Put-Call48/100
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 Structure42/100
Eurozone implied volatility score (0–100). Computed from VSTOXX level: VSTOXX<=18 -> ~100 (calm); VSTOXX>=30 -> ~0 (stress). Green = calm/risk-on, supports bullish bias on DAX. Red = stressed, bearish for DAX. Amber = mid.
VSTOXX25/100
DAX 40 breadth (0–100). Higher = broad participation, healthy rally. Lower = narrow leadership, rotation risk. Green = strong breadth. Red = weak breadth. Amber = mixed.
Breadth55/100
Session Playbook
Bull Case
| Order | Buy Stop |
| Entry | 24214-24238 |
| Stop | 24104 |
| TP1 | 24370 |
| TP2 | 24475 |
Only chase strength on a clean break of the session high, with targets staged into upper resistance.
Bear Case
| Order | Sell Limit |
| Entry | 24104-24128 |
| Stop | 24238 |
| TP1 | 23870 |
| TP2 | 23740 |
Fade a recovery into pivot resistance while volatility stays elevated and the regime remains choppy.
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