Catalysts & Headlines (CET)

⚡
Semiconductor pressure hits DAX cyclicals
Chip weakness and the Siemens Energy downgrade can test whether Pivot 25518 survives the opening impulse.
09:00
Brent strength sharpens inflation risk
Firm oil keeps energy supported but raises the inflation burden for the broader index.
09:00
FOMC minutes set the late risk tone
Rates language can move the 10Y, NQ, and DAX risk into the European close.
20:00

Economic Calendar (CET)

📅
18:40CHSNB Chairman Schlegel SpeaksMed
20:00USFOMC Meeting MinutesHigh

Key Levels — DAX

📐
LevelPriceType
R325978Resistance
R225624Resistance
R125588Resistance
POC25550POC
Pivot25518Pivot
S125465Support
S225238Support
S324897Support

Overnight Session

🌙
DAX Pre-Market
25518
280
EURO STOXX 50
6320
-78
VIX
16.13
0.56
10Y Yield
4.529
0.050
EUR-USD
1.1425
-0.0017
Brent
76.64
2.48

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 fading
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 hedges building
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
Elevated, fear rising
DAX-40 participation - how broad it is. Colour: green = broad/strong, amber = mixed, red = narrow/weak. Bar = strength of the signal.
Breadth
Narrow, weak internals

Session Playbook

🎯
Bull Case
OrderBuy Stop
Entry25508-25528
Stop25416
TP125640
TP225763
Buy only if Pivot absorbs the open; R1 is the first pay line, with room to squeeze toward last week's supply.
Bear Case
OrderSell Stop
Entry25508-25528
Stop25620
TP125396
TP225273
Failure at Pivot keeps sellers in control; target the prior close before the deeper 24897 shelf.
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