Catalysts & Headlines (CET)
DAX gap strength faces first resistance test
A firm open above Pivot keeps pressure on R1, but failed acceptance can quickly pull price back into the support stack.
09:00
US inflation and GDP block
Core inflation and growth revisions can reset rate expectations and drive the afternoon volatility impulse across DAX, ES and NQ.
14:30
Macro cross-currents remain two-sided
Lower oil and softer yields help risk appetite, while VIX still near the upper teens argues against complacency.
08:46
Economic Calendar (CET)
14:30USCore PCE Price Index m/mHigh
14:30USFinal GDP q/qHigh
14:30USFinal GDP Price Index q/qMed
14:30USUnemployment ClaimsMed
Key Levels — DAX
| Level | Price | Type |
|---|---|---|
| R3 | 25236 | Resistance |
| R2 | 25118 | Resistance |
| R1 | 25000 | Resistance |
| POC | 24920 | POC |
| Pivot | 24882 | Pivot |
| S1 | 24764 | Support |
| S2 | 24646 | Support |
| S3 | 24528 | Support |
Overnight Session
DAX Pre-Market
24911
604
EURO STOXX 50
6215
-16
VIX
18.63
-0.86
10Y Yield
4.402
-0.091
EUR-USD
1.1361
-0.0019
Brent
72.74
-1.00
Market Context
Overall DAX risk appetite, estimated from price action and breadth. Colour = the read: green = risk-on/bullish, amber = mixed, red = risk-off/bearish. Bar = how pronounced the reading is.
DAX Sentiment
Firm but selective
Index options put/call balance. Heavy puts = hedging/fear; light puts = complacency. Colour: green = light hedging (constructive), amber = balanced, red = heavy protection (defensive). Bar = strength of the signal.
Put-Call
Balanced hedging tone
Shape of the VIX futures curve (VIX9D vs 30-day VIX), computed from live data. Contango (front below spot) = calm; flat or inverted = near-term fear. Colour: green = calm contango, amber = flat, red = inverted/stress. Bar = stress level.
VIX Term Structure
Flat carry
European equity volatility read (VSTOXX-style; proxied from VIX and price action, since live VSTOXX is unavailable). Colour: green = calm/risk-on (supportive for DAX), amber = mid, red = elevated stress. Bar = strength of the signal.
Euro Vol
Contained but alert
DAX-40 participation - how broad it is. Colour: green = broad/strong, amber = mixed, red = narrow/weak. Bar = strength of the signal.
Breadth
Mixed, narrow confirmation
Session Playbook
Bull Case
| Order | Buy Limit |
| Entry | 24870-24894 |
| Stop | 24782 |
| TP1 | 25002 |
| TP2 | 25122 |
Buy only a controlled dip into Pivot; acceptance there keeps R1 in play without chasing into resistance.
Bear Case
| Order | Sell Stop |
| Entry | 24870-24894 |
| Stop | 24982 |
| TP1 | 24762 |
| TP2 | 24642 |
Loss of Pivot turns the gap into a failed move and opens a measured rotation toward S1 and S2.
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