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

Europe Market Post-Market Review

July 01, 202604:45 PM LocalReal-Time Market Data
DAX 40 (DAX)
25,069
+0.29%
FTSE 100 (FTSE)
10,485
-0.12%
CAC 40 (CAC)
8,345
-0.70%
Volatility Index — CBOE VIX
16.1% Moderate
DAX 40 (DAX)
Strong Bullish
25,069
+0.29%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (67.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 24,784 holds as support, keeping the 20-day trend channel intact for now. Momentum oscillator at 67 enters overbought territory β€” the tape is stretched and vulnerable to profit-taking. On the MACD, the fast line has crossed below the signal line with a negative histogram β€” confirming the bearish momentum shift. Low-conviction tape β€” volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support23,716
Resistance25,438
Moving Averages
21-day SMA24,784
50-day SMA24,630
100-day SMA24,302
200-day SMA24,256
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 67.4 confirms strong buying momentum, with room to run before becoming extremely overbought.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend 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
25,069
Stop Loss
24,879
Take Profit
25,450
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
FTSE 100 (FTSE)
Strong Bullish
10,485
-0.12%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (63.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (10,419) remains unbroken on the downside β€” bulls retain structural control of the near-term tape. The oscillator at 63 reflects sustained buying interest β€” bulls control the momentum channel. MACD histogram remains in positive territory, underpinning the current directional move. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support10,128
Resistance10,635
Moving Averages
21-day SMA10,415
50-day SMA10,386
100-day SMA10,406
200-day SMA10,072
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 63.1 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
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
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)10,635
23.6%10,515
38.2%10,441
50.0%10,381
61.8%10,321
78.6%10,236
Low (100.0%)10,128
Extensions
ExtensionPrice
Ext 1.13 (Up)10,701
Ext 1.272 (Up)10,773
Ext 1.618 (Up)10,949
Ext 1.13 (Dn)10,062
Ext 1.272 (Dn)9,990
Ext 1.618 (Dn)9,814
Trade Setup
Entry
10,485
Stop Loss
10,421
Take Profit
10,612
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call77%
Buy OTM Call
Call Ratio Backspread77%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread74%
Buy Call + Sell higher Call
CAC 40 (CAC)
Strong Bullish
8,345
-0.70%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (60.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (8,339). With RSI at 61, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support7,854
Resistance8,507
Moving Averages
21-day SMA8,330
50-day SMA8,206
100-day SMA8,178
200-day SMA8,138
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 60.7 confirms strong buying momentum, with room to run before becoming extremely overbought.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Consolidation / Range-bound Structure
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
8,345
Stop Loss
8,292
Take Profit
8,452
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call64%
Buy OTM Call
Call Ratio Backspread64%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread61%
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.