Catalysts & Headlines (CET)

⚡
Opening auction tests the gap
DAX needs acceptance above 25895; failure there can pull price back toward 25834 quickly.
09:00
Bailey speech can move sterling and rates
A hawkish tone can lift yields and pressure European cyclicals; a softer tone supports risk appetite.
12:30
Wall Street flow sets the second impulse
S&P 500 futures and NQ direction will decide whether the DAX holds R1 pressure or fades into S1.
15:30

Economic Calendar (CET)

📅
12:30GBBank of England Governor Bailey SpeaksMed

Key Levels — DAX

📐
LevelPriceType
R326143Resistance
R226064Resistance
R125995Resistance
POC25967POC
Pivot25946Pivot
S125895Support
S225834Support
S325789Support

Overnight Session

🌙
DAX Pre-Market
25908
429
EURO STOXX 50
6398
-15
VIX
15.57
-0.58
10Y Yield
4.485
0.000
EUR-USD
1.1432
-0.0006
Brent
72.79
0.80

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 hedging demand
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 but watchful
DAX-40 participation - how broad it is. Colour: green = broad/strong, amber = mixed, red = narrow/weak. Bar = strength of the signal.
Breadth
Narrow leadership warning

Session Playbook

🎯
Bull Case
OrderBuy Limit
Entry25884-25906
Stop25791
TP126020
TP226145
Only buy the dip at S1; strength must rebuild before a squeeze toward R1 has clean reward.
Bear Case
OrderSell Limit
Entry25938-25946
Stop26046
TP125817
TP225692
A Pivot rejection confirms gap exhaustion; below S1, stops can accelerate toward S2 and S3.
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