Catalysts & Headlines (CET)

⚡
DAX testing upper resistance after strong pre-market advance
The open will test whether buyers can defend the gap and convert the 25090 area into support.
09:00
Volatility remains firm despite equity strength
A VIX hold near 19 keeps position sizing honest and raises the risk of sharp two-way swings.
09:00
US consumer sentiment risk into late session
Sentiment and inflation expectations can move US yields and risk appetite into the European close.
16:00

Economic Calendar (CET)

📅
16:00USRevised UoM Consumer SentimentMed
16:00USRevised UoM Inflation ExpectationsMed

Key Levels — DAX

📐
LevelPriceType
R325360Resistance
R225220Resistance
R125090Resistance
POC24996POC
Pivot24836Pivot
S124763Support
S224582Support
S324457Support

Overnight Session

🌙
DAX Pre-Market
24996
539
EURO STOXX 50
6268
53
VIX
18.89
0.26
10Y Yield
4.392
-0.010
EUR-USD
1.1380
0.0026
Brent
74.23
-1.03

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 stretched
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 positioning
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
Moderately elevated
DAX-40 participation - how broad it is. Colour: green = broad/strong, amber = mixed, red = narrow/weak. Bar = strength of the signal.
Breadth
Positive but selective

Session Playbook

🎯
Bull Case
OrderBuy Stop
Entry25078-25102
Stop24990
TP125210
TP225330
Only buy strength if R1 breaks cleanly; targets step into R2 and R3 with risk contained below POC.
Bear Case
OrderSell Limit
Entry25078-25102
Stop25190
TP124970
TP224850
Fade a failed push into R1 while VIX stays firm and price remains extended above Pivot.
TradingView
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