Catalysts & Headlines (CET)

⚡
German inflation check
A softer inflation print would support rate-sensitive DAX names, while a sticky reading risks renewed yield pressure on cyclicals.
08:29
US demand and labor pulse
The confidence and vacancies data can move US yields and set the afternoon risk tone for European equities.
16:00
Energy risk premium easing
Lower oil-risk premia help European risk appetite, but any reversal would quickly hit inflation-sensitive sectors.
09:00

Economic Calendar (CET)

📅
08:29DEGerman Prelim CPI m/mMed
16:00USCB Consumer ConfidenceMed
16:00USJOLTS Job OpeningsMed

Key Levels — DAX

📐
LevelPriceType
R325353Resistance
R225111Resistance
R124966Resistance
POC24931POC
Pivot24897Pivot
S124838Support
S224794Support
S324718Support

Overnight Session

🌙
DAX Pre-Market
24938
319
EURO STOXX 50
6232
10
VIX
17.65
-0.76
10Y Yield
4.372
0.000
EUR-USD
1.1400
0.0014
Brent
73.26
0.11

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
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
Contango, calm
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, watch CPI
DAX-40 participation - how broad it is. Colour: green = broad/strong, amber = mixed, red = narrow/weak. Bar = strength of the signal.
Breadth
Mixed narrow leadership

Session Playbook

🎯
Bull Case
OrderBuy Limit
Entry24885-24898
Stop24792
TP125012
TP225132
Buy the Pivot dip only if defended; calm VIX and positive Europe can squeeze late shorts through R1.
Bear Case
OrderSell Stop
Entry24885-24898
Stop24992
TP124772
TP224652
A failed Pivot turns the pre-market gap into inventory risk; below it, S2 is the cleaner downside magnet.
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