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

Europe Market Post-Market Review

June 23, 202604:45 PM LocalReal-Time Market Data
DAX 40 (DAX)
24,937
-0.81%
FTSE 100 (FTSE)
10,454
+0.16%
CAC 40 (CAC)
8,364
-0.43%
Volatility Index — CBOE VIX
19.7% Moderate
DAX 40 (DAX)
Bullish
24,937
-0.81%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (53.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (24,846) remains unbroken on the downside β€” bulls retain structural control of the near-term tape. With RSI at 53, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support23,716
Resistance25,438
Moving Averages
21-day SMA24,862
50-day SMA24,562
100-day SMA24,291
200-day SMA24,222
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 53.3 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
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)25,438
23.6%25,032
38.2%24,780
50.0%24,577
61.8%24,374
78.6%24,084
Low (100.0%)23,716
Extensions
ExtensionPrice
Ext 1.13 (Up)25,662
Ext 1.272 (Up)25,907
Ext 1.618 (Up)26,503
Ext 1.13 (Dn)23,492
Ext 1.272 (Dn)23,247
Ext 1.618 (Dn)22,651
Trade Setup
Entry
24,937
Stop Loss
24,745
Take Profit
25,322
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call73%
Buy OTM Call
Call Ratio Backspread73%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread70%
Buy Call + Sell higher Call
FTSE 100 (FTSE)
Bullish
10,454
+0.16%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (57.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 10,392 continues to act as dynamic support β€” price remains above it, reinforcing upside bias. Momentum holds constructive at 58 β€” firmly in bullish territory with room to run before the tape gets stretched. The MACD reading adds conviction to the long thesis β€” positive and expanding histogram with a bullish signal-line cross. Low-conviction tape β€” volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support10,128
Resistance10,684
Moving Averages
21-day SMA10,396
50-day SMA10,399
100-day SMA10,394
200-day SMA10,035
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 57.8 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
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)10,684
23.6%10,552
38.2%10,471
50.0%10,406
61.8%10,340
78.6%10,247
Low (100.0%)10,128
Extensions
ExtensionPrice
Ext 1.13 (Up)10,756
Ext 1.272 (Up)10,835
Ext 1.618 (Up)11,027
Ext 1.13 (Dn)10,055
Ext 1.272 (Dn)9,976
Ext 1.618 (Dn)9,784
Trade Setup
Entry
10,454
Stop Loss
10,387
Take Profit
10,590
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call73%
Buy OTM Call
Call Ratio Backspread73%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread70%
Buy Call + Sell higher Call
CAC 40 (CAC)
Strong Bullish
8,364
-0.43%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (67.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 8,279 β€” the near-term trend structure remains intact. At 67 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises. MACD histogram prints positive, confirming the bullish impulse leg is intact. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support7,854
Resistance8,507
Moving Averages
21-day SMA8,274
50-day SMA8,197
100-day SMA8,167
200-day SMA8,121
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 67.0 confirms strong buying momentum, with room to run before becoming extremely overbought.
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 / Signal
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)8,507
23.6%8,353
38.2%8,257
50.0%8,180
61.8%8,103
78.6%7,994
Low (100.0%)7,854
Extensions
ExtensionPrice
Ext 1.13 (Up)8,591
Ext 1.272 (Up)8,684
Ext 1.618 (Up)8,910
Ext 1.13 (Dn)7,769
Ext 1.272 (Dn)7,677
Ext 1.618 (Dn)7,451
Trade Setup
Entry
8,364
Stop Loss
8,301
Take Profit
8,489
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread69%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Watch DAX-FTSE divergence patterns for relative value opportunities within the European session.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets β€” completely free.
Explore Shunya.Trade →
⚠ 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.