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

Europe Market Post-Market Review

July 31, 202604:45 PM LocalReal-Time Market Data
DAX 40 (DAX)
25,631
+0.07%
FTSE 100 (FTSE)
10,876
-0.19%
CAC 40 (CAC)
8,517
+0.37%
Volatility Index — CBOE VIX
17.9% Moderate
DAX 40 (DAX)
Strong Bullish
25,631
+0.07%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (63.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (25,189), the short-term trend channel favours continuation higher. Momentum holds constructive at 63 β€” firmly in bullish territory with room to run before the tape gets stretched. 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
Support24,044
Resistance25,900
Moving Averages
21-day SMA25,217
50-day SMA25,033
100-day SMA24,422
200-day SMA24,395
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 63.3 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
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Confluence
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)25,900
23.6%25,462
38.2%25,191
50.0%24,972
61.8%24,753
78.6%24,441
Low (100.0%)24,044
Extensions
ExtensionPrice
Ext 1.13 (Up)26,141
Ext 1.272 (Up)26,405
Ext 1.618 (Up)27,047
Ext 1.13 (Dn)23,802
Ext 1.272 (Dn)23,539
Ext 1.618 (Dn)22,896
Trade Setup
Entry
25,631
Stop Loss
25,444
Take Profit
26,005
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call78%
Buy OTM Call
Call Ratio Backspread78%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread75%
Buy Call + Sell higher Call
FTSE 100 (FTSE)
Strong Bullish
10,876
-0.19%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (74.4)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 10,652 continues to act as dynamic support β€” price remains above it, reinforcing upside bias. Momentum oscillator at 74 enters overbought territory β€” the tape is stretched and vulnerable to profit-taking. MACD histogram prints positive, confirming the bullish impulse leg is intact. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support10,128
Resistance10,989
Moving Averages
21-day SMA10,653
50-day SMA10,522
100-day SMA10,428
200-day SMA10,215
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 74.4 (Overbought), indicating price is extended and a pullback is likely.
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 / Confluence
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)10,989
23.6%10,786
38.2%10,660
50.0%10,559
61.8%10,457
78.6%10,312
Low (100.0%)10,128
Extensions
ExtensionPrice
Ext 1.13 (Up)11,101
Ext 1.272 (Up)11,224
Ext 1.618 (Up)11,522
Ext 1.13 (Dn)10,016
Ext 1.272 (Dn)9,893
Ext 1.618 (Dn)9,595
Trade Setup
Entry
10,876
Stop Loss
10,806
Take Profit
11,017
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call83%
Buy OTM Call
Call Ratio Backspread83%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread80%
Buy Call + Sell higher Call
CAC 40 (CAC)
Strong Bullish
8,517
+0.37%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (62.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 8,388 β€” the near-term trend structure remains intact. Momentum holds constructive at 62 β€” firmly in bullish territory with room to run before the tape gets stretched. The moving-average convergence divergence oscillator supports the bull case β€” histogram expanding above the zero line. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support8,101
Resistance8,577
Moving Averages
21-day SMA8,393
50-day SMA8,341
100-day SMA8,194
200-day SMA8,188
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 62.3 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
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Confluence
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)8,577
23.6%8,464
38.2%8,395
50.0%8,339
61.8%8,283
78.6%8,203
Low (100.0%)8,101
Extensions
ExtensionPrice
Ext 1.13 (Up)8,638
Ext 1.272 (Up)8,706
Ext 1.618 (Up)8,870
Ext 1.13 (Dn)8,039
Ext 1.272 (Dn)7,972
Ext 1.618 (Dn)7,807
Trade Setup
Entry
8,517
Stop Loss
8,458
Take Profit
8,636
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call83%
Buy OTM Call
Call Ratio Backspread83%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread80%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Monitor European central bank rhetoric and index correlation with US overnight moves.
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⚠ 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.