Catalysts & Headlines (CET)
US cash open impulse
A firm S&P 500 futures bid would help DAX defend 23980; renewed tech selling keeps 23880 in play.
15:30
Xetra close positioning
Late-session positioning matters after the sharp rebound, with 24090 and 23880 framing the closing risk.
17:30
Economic Calendar (CET)
Key Levels — DAX
| Level | Price | Type |
|---|---|---|
| R3 | 24310 | Resistance |
| R2 | 24200 | Resistance |
| R1 | 24090 | Resistance |
| POC | 24020 | POC |
| Pivot | 23980 | Pivot |
| S1 | 23880 | Support |
| S2 | 23780 | Support |
| S3 | 23680 | Support |
Overnight Session
DAX Pre-Market
23979
1299
EURO STOXX 50
5824
-37
VIX
19.15
1.89
10Y Yield
4.566
0.105
EUR-USD
1.1631
-0.0085
Brent
107.88
2.16
Market Context
Overall market mood (0–100). Higher = more bullish. Lower = more bearish. Green = risk-on. Red = risk-off. Amber = mixed.
DAX Sentiment55/100
Options put/call balance (0–100). Higher = more puts, more hedging/fear. Lower = complacency. Green = low hedging. Red = heavy protection. Amber = balanced.
Put-Call38/100
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 Structure41/100
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.
VSTOXX22/100
DAX 40 breadth (0–100). Higher = broad participation, healthy rally. Lower = narrow leadership, rotation risk. Green = strong breadth. Red = weak breadth. Amber = mixed.
Breadth46/100
Session Playbook
Bull Case
| Order | Buy Limit |
| Entry | 23970-23990 |
| Stop | 23880 |
| TP1 | 24090 |
| TP2 | 24200 |
Buy only if pivot defence attracts momentum; volatility argues for defined targets.
Bear Case
| Order | Sell Stop |
| Entry | 23970-23990 |
| Stop | 24090 |
| TP1 | 23780 |
| TP2 | 23680 |
Pivot failure would expose thin support after the intraday rebound stalls.
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