πŸ“Œ Originally published at shunya.trade β€” View with interactive charts & tools.
Shunya.Trade Options Engine

Europe Market Post-Market Review

April 07, 202604:45 PM LocalReal-Time Market Data
DAX 40 (DAX)
22,938
-0.99%
FTSE 100 (FTSE)
10,353
-0.80%
CAC 40 (CAC)
7,905
-0.72%
Volatility Index — CBOE VIX
26.6% High
DAX 40 (DAX)
Bearish
22,938
-0.99%
Intraday
Bearish
Daily
Bearish
Weekly
Bearish
Monthly
Bearish
RSI (42.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 23,094 now acts as overhead resistance β€” bears have reclaimed near-term control. The 42 reading on the momentum gauge signals persistent softness. Sellers maintain the edge until a reclaim of the 50-line. On the MACD front, the histogram is positive and the fast line sits above the signal line β€” textbook bullish configuration. Low-conviction tape β€” volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support21,864
Resistance25,406
Moving Averages
21-day SMA23,118
50-day SMA24,091
100-day SMA24,177
200-day SMA24,097
Moving Average Signals
Death Cross identified (50-day crossed below 200-day) β€” Bearish major signal
Momentum (RSI)
RSI at 42.4 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)25,406
23.6%24,570
38.2%24,053
50.0%23,635
61.8%23,217
78.6%22,622
Low (100.0%)21,864
Extensions
ExtensionPrice
Ext 1.13 (Up)25,866
Ext 1.272 (Up)26,369
Ext 1.618 (Up)27,595
Ext 1.13 (Dn)21,403
Ext 1.272 (Dn)20,900
Ext 1.618 (Dn)19,675
Trade Setup
Entry
22,938
Stop Loss
23,279
Take Profit
22,256
Risk / Reward
2.0
Sell
Top Options Strategies
Iron Condor60%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread60%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Double Calendar60%
OTM Put Calendar + OTM Call Calendar
FTSE 100 (FTSE)
Bullish
10,353
-0.80%
Intraday
Bearish
Daily
Bullish
Weekly
Bearish
Monthly
Bullish
RSI (51.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 10,198 as a floor, offering a constructive base for directional longs. RSI at 51 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. MACD histogram prints positive, confirming the bullish impulse leg is intact. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support9,670
Resistance10,935
Moving Averages
21-day SMA10,202
50-day SMA10,363
100-day SMA10,107
200-day SMA9,675
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.2 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)10,935
23.6%10,636
38.2%10,452
50.0%10,303
61.8%10,154
78.6%9,941
Low (100.0%)9,670
Extensions
ExtensionPrice
Ext 1.13 (Up)11,099
Ext 1.272 (Up)11,279
Ext 1.618 (Up)11,716
Ext 1.13 (Dn)9,506
Ext 1.272 (Dn)9,327
Ext 1.618 (Dn)8,889
Trade Setup
Entry
10,353
Stop Loss
10,241
Take Profit
10,577
Risk / Reward
2.0
Buy
Top Options Strategies
Short Put (Cash-Secured)67%
Sell OTM Put
Covered Call67%
Own shares + Sell OTM Call
Bull Put Spread67%
Sell Put + Buy lower Put
CAC 40 (CAC)
Neutral
7,905
-0.72%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (48.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (7,875), maintaining the positive short-term trend channel. Momentum at 49 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support7,505
Resistance8,642
Moving Averages
21-day SMA7,880
50-day SMA8,126
100-day SMA8,131
200-day SMA8,003
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 48.5 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)8,642
23.6%8,374
38.2%8,208
50.0%8,074
61.8%7,940
78.6%7,749
Low (100.0%)7,505
Extensions
ExtensionPrice
Ext 1.13 (Up)8,790
Ext 1.272 (Up)8,951
Ext 1.618 (Up)9,345
Ext 1.13 (Dn)7,357
Ext 1.272 (Dn)7,196
Ext 1.618 (Dn)6,803
Trade Setup
Entry
7,905
Stop Loss
7,827
Take Profit
8,061
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor83%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread83%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Double Calendar83%
OTM Put Calendar + OTM Call Calendar
Market Search Previews
Key Takeaway
Analyze ECB forward guidance and Euro Stoxx 50 implied correlation for sector rotation cues within the Eurex derivatives complex.
⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.