Catalysts & Headlines (CET)

⚡
DAX breaks below S1
Trade below 24,863 confirms the intraday trigger, exposing 24,672 unless the Pivot is reclaimed.
15:16
BASF reversal drags German equities
The negative reaction to solid BASF results is stripping index support and reinforcing weak breadth.
15:16
Deutsche Bank faces renewed legal pressure
The Frankfurt search adds a financials-specific risk premium and limits recovery attempts.
15:16
Oil and yields tighten conditions
Firmer Brent and a rising 10-year yield raise input costs and compress the valuation cushion.
15:16
US demand data sharpen the rates trade
Retail sales, Philadelphia Fed and claims keep the 10-year yield central to the afternoon risk trade.
14:30

Economic Calendar (CET)

📅
03:00USPresident Trump SpeaksMed
08:00GBUK GDP m/mHigh
14:30USCore Retail Sales m/mMed
14:30USPhiladelphia Fed Manufacturing IndexMed
14:30USRetail Sales m/mMed
14:30USUnemployment ClaimsMed

Key Levels — DAX

📐
LevelPriceType
R325513Resistance
R225322Resistance
R125188Resistance
POC25054POC
Pivot24997Pivot
S124863Support
S224672Support
S324538Support

Overnight Session

🌙
DAX Pre-Market
24848
-206
EURO STOXX 50
6219
-46
VIX
16.25
0.58
10Y Yield
4.592
0.047
EUR-USD
1.1455
0.0030
Brent
85.85
0.90

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
Bearish pressure building
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
Defensive hedging modest
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
Volatility bid firming
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
Entry24987-25007
Stop24898
TP125116
TP225235
A sustained Pivot reclaim opens R1, with S1 providing the structural failure point.
Bear Case
OrderSell Limit
Entry24856-24870
Stop24962
TP124744
TP224625
A failed S1 retest confirms acceptance below support and targets the lower range extensions.
TradingView
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