Catalysts & Headlines (CET)

⚡
DAX cash open tests early downside control
Opening trade around 25,216 will show whether buyers can defend 25,182 or sellers press toward 24,988.
09:00
US unemployment claims
A softer labor print can ease yield pressure, while a firm reading keeps rate-sensitive equities under pressure.
14:30

Economic Calendar (CET)

📅
14:30USUnemployment ClaimsMed

Key Levels — DAX

📐
LevelPriceType
R325661Resistance
R225592Resistance
R125496Resistance
Pivot25415Pivot
S125216Support
POC25182POC
S224988Support
S324718Support

Overnight Session

🌙
DAX Pre-Market
25216
-280
EURO STOXX 50
6205
-115
VIX
16.90
0.77
10Y Yield
4.569
0.040
EUR-USD
1.1448
0.0044
Brent
77.80
-0.22

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
Heavy but orderly
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
Mild protection bid
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
Vol bid in Europe
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
Entry25478-25502
Stop25389
TP125611
TP225732
Only a reclaim of prior close turns the morning from liquidation into squeeze.
Bear Case
OrderSell Stop
Entry25204-25228
Stop25317
TP125095
TP224974
A break under opening support risks stop-loss selling toward lower weekly supports.
TradingView
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